Dollar General 2011 Annual Report Download - page 191

10-K
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
13. Segment reporting
The Company manages its business on the basis of one reportable segment. See Note 1 for a brief
description of the Company’s business. As of February 3, 2012, all of the Company’s operations were
located within the United States with the exception of a Hong Kong subsidiary, and a liaison office in
India, the collective assets and revenues of which are not material. The following net sales data is
presented in accordance with accounting standards related to disclosures about segments of an
enterprise.
(In thousands) 2011 2010 2009
Classes of similar products:
Consumables .................... $10,833,735 $ 9,332,119 $ 8,356,381
Seasonal ........................ 2,051,098 1,887,917 1,711,471
Home products ................... 1,005,219 917,638 869,772
Apparel ........................ 917,136 897,326 858,756
Net sales ...................... $14,807,188 $13,035,000 $11,796,380
14. Quarterly financial data (unaudited)
The following is selected unaudited quarterly financial data for the fiscal years ended February 3,
2012 and January 28, 2011. Each quarterly period listed below was a 13-week accounting period, with
the exception of the fourth quarter of 2011, which was a 14-week accounting period. The sum of the
four quarters for any given year may not equal annual totals due to rounding.
First Second Third Fourth
(In thousands) Quarter Quarter Quarter Quarter
2011:
Net sales .................. $3,451,697 $3,575,194 $3,595,224 $4,185,073
Gross profit ................ 1,087,397 1,148,342 1,115,802 1,346,369
Operating profit ............. 321,618 350,029 310,917 508,240
Net income ................ 156,969 146,042 171,164 292,510
Basic earnings per share ....... 0.46 0.43 0.50 0.86
Diluted earnings per share ..... 0.45 0.42 0.50 0.85
First Second Third Fourth
(In thousands) Quarter Quarter Quarter Quarter
2010:
Net sales .................. $3,111,314 $3,214,155 $3,223,427 $3,486,104
Gross profit ................ 999,756 1,035,979 1,010,668 1,130,153
Operating profit ............. 290,723 300,757 274,334 408,251
Net income ................ 135,996 141,195 128,120 222,546
Basic earnings per share ....... 0.40 0.41 0.38 0.65
Diluted earnings per share ..... 0.39 0.41 0.37 0.64
As discussed in Note 6, in the first quarter of 2011, the Company repurchased $25.0 million
principal amount of its outstanding Senior Notes, resulting in a pretax loss of $2.2 million ($1.3 million
net of tax, or less than $0.01 per diluted share) which is recognized as Other (income) expense.
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