GameStop 2009 Annual Report Download - page 110

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21. Unaudited Quarterly Financial Information
The following table sets forth certain unaudited quarterly consolidated statement of operations information for
the fiscal years ended January 30, 2010 and January 31, 2009. The unaudited quarterly information includes all
normal recurring adjustments that management considers necessary for a fair presentation of the information
shown.
1st
Quarter(1)
2nd
Quarter
3rd
Quarter(2)
4th
Quarter
1st
Quarter(3)
2nd
Quarter
3rd
Quarter(4)
4th
Quarter(5)
Fiscal Year Ended January 30, 2010 Fiscal Year Ended January 31, 2009
(Amounts in thousands, except per share amounts)
Sales ................. $1,980,753 $1,738,504 $1,834,727 $3,524,013 $1,813,617 $1,804,420 $1,695,746 $3,492,114
Gross profit ............. 542,113 495,406 523,084 874,049 473,406 484,123 473,429 839,177
Operating earnings ......... 128,454 70,956 90,269 347,354 109,903 100,069 85,335 379,812
Net earnings............. 70,433 38,685 52,225 215,922 62,125 57,163 46,669 232,325
Net earnings per common
share — basic .......... 0.43 0.23 0.32 1.31 0.38 0.35 0.29 1.42
Net earnings per common
share — diluted ......... 0.42 0.23 0.31 1.29 0.37 0.34 0.28 1.39
The following footnotes are discussed as pretax expenses.
(1) The results of operations for the first quarter of the fiscal year ended January 30, 2010 include debt
extinguishment expense of $2,862.
(2) The results of operations for the third quarter of the fiscal year ended January 30, 2010 include debt
extinguishment expense of $2,461.
(3) The results of operations for the first quarter of the fiscal year ended January 31, 2009 include debt
extinguishment expense of $2,331.
(4) The results of operations for the third quarter of the fiscal year ended January 31, 2009 include merger-related
expenses of $16,605 associated with the change in foreign exchange rates related to the funding of the
Micromania acquisition.
(5) The results of operations for the fourth quarter of the fiscal year ended January 31, 2009 include merger-related
income of $12,012 associated with the change in foreign exchange rates related to the funding of the
Micromania acquisition.
F-42
GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)