GameStop 2005 Annual Report Download - page 114

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22. Unaudited Quarterly Financial Information
The following table sets forth certain unaudited quarterly consolidated statement of operations information for
the fiscal years ended January 28, 2006 and January 29, 2005. The unaudited quarterly information includes all
normal recurring adjustments that management considers necessary for a fair presentation of the information
shown.
1st
Quarter
2nd
Quarter
3rd
Quarter(4)
4th
Quarter(4)
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
Fiscal Year Ended January 28, 2006 Fiscal Year Ended January 29, 2005
(Amounts in thousands, except per share amounts)
Sales . . . . . . . . . . . $474,727 $415,930 $534,212 $1,666,914 $371,736 $345,593 $416,737 $708,740
Gross profit . . . . . . 126,037 128,155 176,720 441,118 104,642 106,286 118,959 179,413
Operating
earnings(1) . . . . . 16,857 13,190 10,095 152,590 10,770 12,545 19,852 55,980
Net earnings
(loss)(2) . . . . . . . 10,326 7,903 (2,460) 85,015 6,678 7,672 12,059 34,517
Net earnings (loss)
per Class A and
Class B common
share —
basic(3) . . . . . . . 0.20 0.15 (0.04) 1.17 0.12 0.14 0.22 0.68
Net earnings (loss)
per Class A and
Class B common
share —
diluted(3) . . . . . . 0.19 0.14 (0.04) 1.10 0.11 0.13 0.21 0.64
(1) Includes the following pre-tax charges:
• $2,750 in the first quarter of the fiscal year ended January 29, 2005 attributable to the California labor
litigation settlement,
• $2,800 in the third quarter of the fiscal year ended January 29, 2005 attributable to the professional fees
related to the spin-off by Barnes & Noble of Historical GameStop’s Class B common shares, and
• $5,373 in the fourth quarter of the fiscal year ended January 29, 2005 attributable to correcting the
Company’s method of accounting for rent expense and depreciation expense on leasehold improvements for
those leases that do not contain a renewal option.
(2) Includes the following after-tax charges:
• $1,708 in the first quarter of the fiscal year ended January 29, 2005 attributable to the California labor
litigation settlement,
• $1,739 in the third quarter of the fiscal year ended January 29, 2005 attributable to the professional fees
related to the spin-off by Barnes & Noble of Historical GameStop’s Class B common shares, and
• $3,312 in the fourth quarter of the fiscal year ended January 29, 2005 attributable to correcting the
Company’s method of accounting for rent expense and depreciation expense on leasehold improvements for
those leases that do not contain a renewal option.
(3) Includes the following charges per basic and diluted share:
• $0.03 per basic and diluted share in the first quarter of the fiscal year ended January 29, 2005 attributable to
the California labor litigation settlement,
105
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)