American Eagle Outfitters 2004 Annual Report Download - page 70

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56
Part II
(In thousands, except per share amounts)
As Previously
Reported
August 2, 2003
Restatement Due to
Change in Lease
Accounting Practices
As Restated
August 2, 2003
Net sales $317,766 $ - $317,766
Gross profit 108,762 2,406 111,168
Income from continuing operations, net of tax 10,811 23 10,834
Loss from discontinued operations, net of
income tax benefit (2,707) - (2,707)
Net income 8,104 23 8,127
Basic per common share amounts:
Income from continuing operations 0.08 - 0.08
Loss from discontinued operations (0.02) - (0.02)
Net income per basic share 0.06 - 0.06
Diluted per common share amounts:
Income from continuing operations 0.08 - 0.08
Loss from discontinued operations (0.02) - (0.02)
Net income per diluted share 0.06 - 0.06
(In thousands, except per share amounts)
As Previously
Reported
November 1, 2003
Restatement Due to
Change in Lease
Accounting Practices
As Restated
November 1, 2003
Net sales $351,021 $ - $351,021
Gross profit 137,475 2,544 140,019
Income from continuing operations, net of tax 19,611 (97) 19,514
Loss from discontinued operations, net of
income tax benefit (9,472)
- (9,472)
Net income 10,139 (97) 10,042
Basic per common share amounts:
Income from continuing operations 0.14 - 0.14
Loss from discontinued operations (0.07)
- (0.07)
Net income per basic share 0.07 - 0.07
Diluted per common share amounts:
Income from continuing operations 0.14 - 0.14
Loss from discontinued operations (0.07)
- (0.07)
Net income per diluted share 0.07 - 0.07