Big Lots 2011 Annual Report Download - page 189
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73
BIG LOTS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 16 — Selected Quarterly Financial Data (Unaudited)
Summarized fiscal quarterly financial data for 2011 and 2010 is as follows:
Fiscal Year 2011 First Second Third Fourth Year
(In thousands, except per share amounts)(a)
Net sales.......................... $1,227,274 $1,167,135 $1,138,286 $1,669,574 $5,202,269
Gross margin ...................... 494,129 460,536 444,360 671,382 2,070,407
Income from continuing operations..... 52,531 35,714 4,241 114,749 207,235
Income (loss) from
discontinued operations ........... (60) (31) (51) (29) (171)
Net income........................ 52,471 35,683 4,190 114,720 207,064
Earnings per share — basic:
Continuing operations ............ $ 0.71 $ 0.51 $ 0.07 $ 1.79 $ 3.03
Discontinued operations........... —————
$ 0.71 $ 0.51 $ 0.06 $ 1.79 $ 3.03
Earnings per share — diluted:
Continuing operations ............ $ 0.70 $ 0.50 $ 0.06 $ 1.75 $ 2.99
Discontinued operations........... —————
$ 0.70 $ 0.50 $ 0.06 $ 1.75 $ 2.98
Fiscal Year 2010 First Second Third Fourth Year
(In thousands, except per share amounts)(a)
Net sales.......................... $1,235,162 $1,142,309 $1,055,830 $1,518,943 $4,952,244
Gross margin ...................... 501,955 462,425 428,107 619,964 2,012,451
Income from continuing operations..... 55,998 38,779 17,745 110,025 222,547
Income (loss) from
discontinued operations ........... (100) 98 (51) 30 (23)
Net income........................ 55,898 38,877 17,694 110,055 222,524
Earnings per share — basic:
Continuing operations ............ $ 0.69 $ 0.49 $ 0.24 $ 1.48 $ 2.87
Discontinued operations........... —————
$ 0.69 $ 0.49 $ 0.23 $ 1.48 $ 2.87
Earnings per share — diluted:
Continuing operations ............ $ 0.68 $ 0.48 $ 0.23 $ 1.46 $ 2.83
Discontinued operations........... —————
$ 0.68 $ 0.48 $ 0.23 $ 1.46 $ 2.83
(a) Earnings per share calculations for each fiscal quarter are based on the applicable weighted-average shares
outstanding for each period and the sum of the earnings per share for the four fiscal quarters may not
necessarily be equal to the full year earnings per share amount.