GNC 2011 Annual Report Download - page 112
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Table of Contents
NOTE 19. SEGMENTS (Continued)
Operating income:
Retail $ 181,873 $ 153,142 $ 140,916
Franchise 95,318 80,800 80,816
Manufacturing/Wholesale 69,421 73,450 67,378
Unallocated corporate and other costs:
Warehousing and distribution costs (54,983) (53,557) (54,266)
Corporate costs (77,044) (72,644) (65,063)
Sub total unallocated corporate and other costs (132,027) (126,201) (119,329)
Total operating income 214,585 181,191 169,781
Interest expense, net 65,529 69,953 83,000
Income before income taxes 149,056 111,238 86,781
Income tax expense 50,883 41,619 32,001
Net income $ 98,173 $ 69,619 $ 54,780
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