Chili's 2002 Annual Report Download - page 50

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The pro forma effects of the adoption of SFAS No. 142 on net income is as follows (in thousands, net of
taxes):
2002 2001 2000
Net income, as reported......................... $152,713 $145,148 $117,840
Intangible amortization ...................... — 2,349 1,843
Net income, pro forma ......................... $152,713 $147,497 $119,683
The pro forma effects of the adoption of SFAS No. 142 on basic and diluted earnings per share is as follows:
2002 2001 2000
Basic net income per share, as reported ..................... $1.56 $1.46 $1.20
Basic net income per share, pro forma ...................... 1.56 1.49 1.22
Diluted net income per share, as reported ................... 1.52 1.42 1.17
Diluted net income per share, pro forma.................... 1.52 1.44 1.18
4. ACCRUED AND OTHER LIABILITIES
Accrued liabilities consist of the following (in thousands):
2002 2001
Payroll.............................................. $ 70,121 $ 61,713
Gift cards ........................................... 27,141 17,425
Sales tax ............................................ 16,841 14,180
Property tax .......................................... 13,624 12,149
Other .............................................. 38,783 28,953
$166,510 $134,420
Other liabilities consist of the following (in thousands):
Retirement plan (see Note 11) ............................ $ 29,869 $ 27,371
Other .............................................. 30,177 24,590
$ 60,046 $ 51,961
5. INCOME TAXES
The provision for income taxes consists of the following (in thousands):
2002 2001 2000
Current income tax expense:
Federal ...................................... $47,228 $62,609 $52,958
State ....................................... 6,819 10,269 8,166
Foreign...................................... 923 688 593
Total current income tax expense ................. 54,970 73,566 61,717
Deferred income tax expense:
Federal ...................................... 22,088 2,989 1,835
State ....................................... 2,078 224 150
Total deferred income tax expense ................ 24,166 3,213 1,985
$79,136 $76,779 $63,702
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