Lumber Liquidators 2012 Annual Report Download - page 46

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Lumber Liquidators Holdings, Inc.
Consolidated Statements of Income
(in thousands, except share data and per share amounts)
Year Ended December 31,
2012 2011 2010
Net Sales ........................................................ $ 813,327 $ 681,587 $ 620,281
Cost of Sales ...................................................... 504,542 440,912 404,451
Gross Profit .................................................. 308,785 240,675 215,830
Selling, General and Administrative Expenses ........................... 230,439 198,237 173,667
Operating Income .............................................. 78,346 42,438 42,163
Other (Income) Expense ............................................. (140) (587) (579)
Income Before Income Taxes ..................................... 78,486 43,025 42,742
Provision for Income Taxes .......................................... 31,422 16,769 16,476
Net Income ...................................................... $ 47,064 $ 26,256 $ 26,266
Net Income per Common Share—Basic ............................... $ 1.71 $ 0.95 $ 0.96
Net Income per Common Share—Diluted ............................. $ 1.68 $ 0.93 $ 0.93
Weighted Average Common Shares Outstanding:
Basic ........................................................ 27,448,333 27,706,629 27,384,095
Diluted ...................................................... 28,031,453 28,379,693 28,246,453
See accompanying notes to consolidated financial statements
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