American Eagle Outfitters 2013 Annual Report Download - page 5

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Table of Contents
AMERICAN EAGLE OUTFITTERS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS
(Unaudited)
Refer to Notes to Consolidated Financial Statements
4
13 Weeks Ended
(In thousands, except per share amounts)
May 3,
2014
May 4,
2013
Total net revenue
$
646,129
$
679,477
Cost of sales, including certain buying, occupancy and warehousing expenses
420,284
415,868
Gross profit
225,845
263,609
Selling, general and administrative expenses
185,058
182,253
Depreciation and amortization expense
32,362
35,539
Operating income
8,425
45,817
Other income (expense), net
686
(682
)
Income before income taxes
9,111
45,135
Provision for income taxes
5,245
17,159
Net income
$
3,866
$
27,976
Net income per basic share
$
0.02
$
0.14
Net income per diluted share
$
0.02
$
0.14
Cash dividends per common share
0.125
—
Weighted average common shares outstanding
—
basic
194,060
192,710
Weighted average common shares outstanding
—
diluted
194,702
196,718
Retained earnings, beginning
$
1,569,851
$
1,553,058
Net income
3,866
27,976
Cash dividends and dividend equivalents
(24,877
)
—
Reissuance of treasury stock
(6,734
)
11,672
Retained earnings, ending
$
1,542,106
$
1,592,706