American Eagle Outfitters 2004 Annual Report Download - page 71

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57
Part II
(In thousands, except per share amounts)
As Previously
Reported
January 31, 2004
Restatement Due to
Change in Lease
Accounting Practices
As Restated
January 31, 2004
Net sales $490,580 $ - $490,580
Gross profit 188,730 2,050 190,780
Income from continuing operations, net of tax 43,170 (360) 42,810
Loss from discontinued operations, net of
income tax benefit (7,816) - (7,816)
Net income 35,354 (360) 34,994
Basic per common share amounts:
Income from continuing operations 0.30 - 0.30
Loss from discontinued operations (0.05) - (0.05)
Net income per basic share 0.25 - 0.25
Diluted per common share amounts:
Income from continuing operations 0.29 - 0.29
Loss from discontinued operations (0.05) - (0.05)
Net income per diluted share 0.24 - 0.24
(In thousands, except per share amounts)
As Previously
Reported
May 1, 2004
Restatement Due to
Change in Lease
Accounting Practices
As Restated
May 1, 2004
Net sales $332,230 $ - $332,230
Gross profit 146,052 2,667 148,719
Income from continuing operations, net of tax 26,834 167 27,001
Loss from discontinued operations, net of
income tax benefit (1,727) - (1,727)
Net income 25,107 167 25,274
Basic per common share amounts:
Income from continuing operations 0.19 - 0.19
Loss from discontinued operations (0.01) - (0.01)
Net income per basic share 0.18 - 0.18
Diluted per common share amounts:
Income from continuing operations 0.18 - 0.18
Loss from discontinued operations (0.01) - (0.01)
Net income per diluted share 0.17 - 0.17