Lumber Liquidators 2015 Annual Report Download - page 60

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Lumber Liquidators Holdings, Inc.
Consolidated Statements of Operations
(in thousands, except share data and per share amounts)
Year Ended December 31,
2015 2014 2013
Net Sales .................................... $ 978,776 $ 1,047,419 $ 1,000,240
Cost of Sales ................................. 699,918 629,252 589,257
Gross Profit ................................ 278,858 418,167 410,983
Selling, General and Administrative Expenses ........... 362,051 314,094 284,960
Operating (Loss) Income ........................ (83,193) 104,073 126,023
Other Expense (Income) .......................... 234 490 (442)
(Loss) Income Before Income Taxes ................ (83,427) 103,583 126,465
Income Tax (Benefit) Expense ...................... (26,994) 40,212 49,070
Net (Loss) Income ............................. $ (56,433) $ 63,371 $ 77,395
Net (Loss) Income per Common Share − Basic ......... $ (2.08) $ 2.32 $ 2.82
Net (Loss) Income per Common Share − Diluted ....... $ (2.08) $ 2.31 $ 2.77
Weighted Average Common Shares Outstanding:
Basic ..................................... 27,082,299 27,264,882 27,484,790
Diluted .................................... 27,082,299 27,485,852 27,914,322
See accompanying notes to consolidated financial statements
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