Harris Teeter 2012 Annual Report Download - page 52

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The following table sets forth the historical operating results of A&E for fiscal 2012, 2011 and 2010, which have been
reclassified as discontinued operations (in thousands):
2012 2011 2010
Net Sales $ 30,313 $320,876 $301,097
Cost of Sales 23,205 241,539 228,685
Gross Profit 7,108 79,337 72,412
SG&A Expenses 22,824 52,351 51,297
Operating Profit (Loss) (15,716) 26,986 21,115
Interest Expense 19 380 421
Interest Income (17) (170) (66)
Less Net Earnings Attributable to Noncontrolling Interest 37 698 1,067
Loss on Disposition of Discontinued Operations 3,717 48,750 -
(Loss) Earnings on Discontinued Operations (19,472) (22,672) 19,693
Income Tax (Benefit) Expense (2,057) (2,461) 6,304
(Loss) Earnings From Discontinued Operations, Net of Taxes $(17,415) $ (20,211) $ 13,389
18. COMMITMENTS AND CONTINGENCIES
The Company is involved in various lawsuits and environmental and patent matters arising in the normal course of business.
Management believes that such matters will not have a material effect on the financial condition or results of operations of
the Company.
Refer to Note 7 above in this Item 8 for additional commitments and contingencies.
19. QUARTERLY INFORMATION (UNAUDITED)
The Company’s stock is listed and traded on the New York Stock Exchange. The following table sets forth certain financial
information, the high and low sales prices and dividends declared per share of common stock for the periods indicated (in
millions, except per share data):
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Fiscal
Year
2012 Operating Results
Net Sales $1,119.5 $1,120.4 $1,152.7 $1,142.8 $4,535.4
Gross Profit 326.8 343.6 348.3 339.8 1,358.5
Earnings From Continuing Operations 25.8 30.4 20.0 23.7 99.9
Earnings (Loss) From Discontinued
Operations (12.1) (0.2) (4.2) (0.9) (17.4)
Earnings (Loss) Per Share – Basic:
Continuing Operations 0.53 0.62 0.41 0.49 2.05
Discontinued Operations (0.25) - (0.09) (0.02) (0.36)
Net Earnings 0.28 0.62 0.32 0.47 1.69
Earnings (Loss) Per Share – Diluted:
Continuing Operations 0.53 0.62 0.41 0.48 2.04
Discontinued Operations (0.25) - (0.09) (0.02) (0.36)
Net Earnings 0.28 0.62 0.32 0.46 1.68
Dividend Per Share 0.13 0.14 0.14 0.14 0.55
Market Price Per Share:
High 45.45 45.31 41.74 42.99 45.45
Low 37.78 39.16 36.10 37.27 36.10
HARRIS TEETER SUPERMARKETS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (CONTINUED)
48