Neiman Marcus 2004 Annual Report Download - page 117

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NOTE 14. Quarterly Financial Information (Unaudited)
Year Ended July 30, 2005
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
(in millions, except for per share data)
Revenues $907.9 $1,129.2 $933.4 $851.4 $3,821.9
Gross profit $353.2 $ 367.2 $357.2 $250.1 $1,327.8
Net earnings $ 64.1(1) $ 70.6 $ 79.8 $ 34.3(2) $ 248.8
Earnings per share:
Basic $ 1.33 $ 1.46 $ 1.65 $ 0.71 $ 5.15
Diluted $ 1.30 $ 1.43 $ 1.61 $ 0.68 $ 5.02
Year Ended July 31, 2004
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
(in millions, except for per share data)
Revenues $818.8 $1,048.4 $873.2 $784.5 $3,524.8
Gross profit $308.4 $ 329.4 $328.5 $231.2 $1,197.5
Net earnings $ 56.2 $ 59.2(3) $ 68.8 $ 20.6(4) $ 204.8
Earnings per share:
Basic $ 1.18 $ 1.23 $ 1.43 $ 0.43 $ 4.27
Diluted $ 1.16 $ 1.21 $ 1.40 $ 0.42 $ 4.19
Net earnings for the first quarter of 2005 includes a pretax loss of $15.3 million related to the disposition of Chef's Catalog.
Net earnings for the fourth quarter of 2005 includes a pretax gain of $6.2 million related to the sale of our credit card portfolio, tax benefits aggregating
$7.6 million related to favorable settlements associated with previous state tax filings and reductions in previously recorded deferred tax liabilities.
Net earnings for the second quarter of 2004 reflect a $7.5 million tax benefit related to favorable settlements associated with previous state tax filings.
Net earnings for the fourth quarter of 2004 include a $3.9 million pretax impairment charge related to the writedown to fair value in the net carrying
value of the Chef's Catalog tradename intangible asset.
F-38
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