Hibbett Sports 2007 Annual Report Download - page 29

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- 17 -
Item 6. Selected Consolidated Financial Data.
The following selected consolidated financial data has been derived from the consolidated financial statements
of the Company. The data set forth below should be read in conjunction with “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” and our Consolidated Financial Statements and Notes to Financial
Statements thereto.
(Dollars in thousands, except per share amounts and Selected Operating Data)
Fiscal Year Ended
February 3, January 28, January 29, January 31, February 1,
2007 2006 2005 2004 2003
(53 weeks) (52 weeks) (52 weeks) (52 weeks) (52 weeks)
Income Statement Data:
Net sales $ 512,094 $ 440,269 $ 377,534 $ 320,964 $ 279,187
Cost of goods sold, including distribution center
and store occupancy costs 338,963 293,368 255,250 216,938 192,082
Gross profit 173,131 146,901 122,284 104,026 87,105
Store operating, selling and administrative
expenses 100,461 85,060 72,923 63,514 55,748
Depreciation and amortization 10,932 10,119 9,939 9,686 8,727
Operating income 61,738 51,722 39,422 30,826 22,630
Interest income 906 1,170 517 165 26
Interest expense 30 24 42 59 240
Interest income (expense), net 876 1,146 475 106 (214)
Income before provision for income taxes 62,614 52,868 39,897 30,932 22,416
Provision for income taxes 24,541 19,244 14,750 11,290 8,182
Net income $ 38,073 $ 33,624 $ 25,147 $ 19,642 $ 14,234
Earnings per common shares:
Basic $ 1.19 $ 1.00 $ 0.72 $ 0.57 $ 0.42
Diluted $ 1.17 $ 0.98 $ 0.70 $ 0.55 $ 0.41
Weighted average shares outstanding:
Basic 32,094,127 33,605,568 34,855,682 34,521,674 33,869,294
Diluted 32,619,839 34,393,026 35,690,363 35,397,089 34,553,277
Balance Sheet Data:
Working capital $ 106,428 $ 98,623 $ 106,012 $ 96,042 $ 70,204
Total assets 212,853 195,829 202,105 173,759 133,729
Long-term debt - - - - -
Stockholders’ investment 136,641 124,773 130,039 120,440 95,606
Selected Operating Data:
Number of stores open at end of period:
Hibbett Sports 593 527 461 408 351
Sports & Co. 4 4 4 4 4
Sports Additions 16 18 17 16 16
Total 613 549 482 428 371
Note: No dividends have been declared or paid.