American Eagle Outfitters 2004 Annual Report Download - page 72

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58
Part II
(In thousands, except per share amounts)
As Previously
Reported
July 31, 2004
Restatement Due to
Change in Lease
Accounting Practices
As Restated
July 31, 2004
Net sales $395,402 $ - $395,402
Gross profit 161,129 1,725 162,854
Income from continuing operations, net of tax 31,952 (370) 31,582
Loss from discontinued operations, net of
income tax benefit
(2,328) - (2,328)
Net income 29,624 (370) 29,254
Basic per common share amounts:
Income from continuing operations 0.22 - 0.22
Loss from discontinued operations (0.02) - (0.02)
Net income per basic share 0.20 - 0.20
Diluted per common share amounts:
Income from continuing operations 0.22 - 0.22
Loss from discontinued operations (0.02) - (0.02)
Net income per diluted share 0.20 - 0.20
(In thousands, except per share amounts)
As Previously
Reported
October 30, 2004
Restatement Due to
Change in Lease
Accounting Practices
As Restated
October 30, 2004
Net sales $479,585 $ - $479,585
Gross profit 231,631 2,227 233,858
Income from continuing operations, net of tax 58,856 (151) 58,705
Loss from discontinued operations, net of
income tax benefit (807) - (807)
Net income 58,049 (151) 57,898
Basic per common share amounts:
Income from continuing operations 0.40 - 0.40
Loss from discontinued operations - - -
Net income per basic share 0.40 - 0.40
Diluted per common share amounts:
Income from continuing operations 0.39 - 0.39
Loss from discontinued operations (0.01) - (0.01)
Net income per diluted share 0.38 - 0.38