Coach 2011 Annual Report Download - page 29

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TABLE OF CONTENTS
Fiscal 2011
Income from Continuing Operations
SG&A Operating Income Amount Per Diluted Share
As Reported: (GAAP Basis) $ 1,718,617 $ 1,304,924 $ 880,800 $ 2.92
Excluding items affecting
comparability
(25,678) 25,678 0 0.00
Adjusted: (Non-GAAP Basis) $ 1,692,939 $ 1,330,602 $ 880,800 $ 2.92
Fiscal 2009
Income from Continuing Operations
SG&A Operating Income Amount Per Diluted Share
As Reported: (GAAP Basis) $ 1,350,697 $ 971,913 $ 623,369 $ 1.91
Excluding items affecting
comparability
(28,365) 28,365 (1,241) 0.00
Adjusted: (Non-GAAP Basis) $ 1,322,332 $ 1,000,278 $ 622,128 $ 1.91
Fiscal 2008
Income from Continuing Operations
SG&A Operating Income Amount Per Diluted Share
As Reported: (GAAP Basis) $ 1,259,974 $ 1,147,129 $ 783,039 $ 2.17
Excluding items affecting
comparability
(32,100) 32,100 (41,037) (0.11)
Adjusted: (Non-GAAP Basis) $ 1,227,874 $ 1,179,229 $ 742,002 $ 2.06
(3) During fiscal 2008, the Company had income from discontinued operations in connection with exiting its corporate accounts business.
There were no discontinued operations in fiscal years 2012, 2011, 2010 or 2009.
(4) During the fourth quarter of fiscal 2009, the Company initiated a cash dividend at an annual rate of $0.30 per share. During the fourth
quarter of fiscal 2010, the Company increased the cash dividend to an annual rate of $0.60 per share. During the fourth quarter of fiscal
2011, the Company increased the cash dividend to an annual rate of $0.90 per share. During the fourth quarter of fiscal 2012, the
Company increased the cash dividend to an expected annual rate $1.20 per share.
(5) During fiscal 2009, the Company acquired its domestic retail businesses in Hong Kong, Macau and mainland China from its former
distributor, the ImagineX group. Prior to the acquisitions, these locations were operated by the ImagineX group. During fiscal 2012, the
Company acquired its domestic retail businesses in Singapore and Taiwan from their former distributors, Valiram Group and Tasa
Meng, respectively. Prior to the acquisitions, these locations were operated by these distributors. See the Acquisitions note presented in
the Notes to the Consolidated Financial Statements.
26