Lumber Liquidators 2014 Annual Report Download - page 54
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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,
2014 2013 2012
Net Sales .................................... $ 1,047,419 $ 1,000,240 $ 813,327
Cost of Sales ................................. 629,252 589,257 504,542
Gross Profit ................................. 418,167 410,983 308,785
Selling, General and Administrative Expenses ........... 314,094 284,960 230,439
Operating Income ............................. 104,073 126,023 78,346
Other (Income) Expense .......................... 490 (442) (140)
Income Before Income Taxes ..................... 103,583 126,465 78,486
Provision for Income Taxes ........................ 40,212 49,070 31,422
Net Income .................................. $ 63,371 $ 77,395 $ 47,064
Net Income per Common Share − Basic .............. $ 2.32 $ 2.82 $ 1.71
Net Income per Common Share − Diluted ............ $ 2.31 $ 2.77 $ 1.68
Weighted Average Common Shares Outstanding:
Basic ..................................... 27,264,882 27,484,790 27,448,333
Diluted .................................... 27,485,852 27,914,322 28,031,453
See accompanying notes to consolidated financial statements
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