Pep Boys 2014 Annual Report Download - page 43

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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
(dollar amounts in thousands, except per share data)
January 31, 2015 February 1, 2014 February 2, 2013
Year ended (52 weeks) (52 weeks) (53 weeks)
Merchandise sales .............................. $1,593,883 $1,608,697 $1,643,948
Service revenue ............................... 490,720 457,871 446,782
Total revenues ................................ 2,084,603 2,066,568 2,090,730
Costs of merchandise sales ........................ 1,124,755 1,108,359 1,159,994
Costs of service revenue ......................... 484,404 470,832 439,236
Total costs of revenues .......................... 1,609,159 1,579,191 1,599,230
Gross profit from merchandise sales ................. 469,128 500,338 483,954
Gross profit (loss) from service revenue ............... 6,316 (12,961) 7,546
Total gross profit .............................. 475,444 487,377 491,500
Selling, general and administrative expenses ............ 484,182 464,852 463,416
Goodwill impairment ........................... 23,925 ——
Pension settlement expense ....................... ——17,753
Net (gain) loss from disposition of assets .............. (13,806) 227 (1,323)
Operating (loss) profit ........................... (18,857) 22,298 11,654
Merger termination fees, net ...................... ——42,816
Non-operating income ........................... 1,188 1,789 2,012
Interest expense ............................... (13,873) (14,797) (33,982)
(Loss) earnings from continuing operations before income
taxes and discontinued operations ................. (31,542) 9,290 22,500
Income tax (benefit) expense ...................... (4,581) 2,237 9,345
(Loss) earnings from continuing operations before
discontinued operations ........................ (26,961) 7,053 13,155
Loss from discontinued operations, net of tax benefit of
$179, $102 and $186 .......................... (332) (188) (345)
Net (loss) earnings ............................. (27,293) 6,865 12,810
Basic (loss) earnings per share:
(Loss) earnings from continuing operations before
discontinued operations ........................ $ (0.50) $ 0.13 $ 0.25
Loss from discontinued operations, net of tax ........... (0.01) —(0.01)
Basic (loss) earnings per share ..................... $ (0.51) $ 0.13 $ 0.24
Diluted (loss) earnings per share:
(Loss) earnings from continuing operations before
discontinued operations ........................ $ (0.50) $ 0.13 $ 0.24
Loss from discontinued operations, net of tax ........... (0.01) ——
Diluted (loss) earnings per share ................... $ (0.51) $ 0.13 $ 0.24
Other comprehensive (loss) income:
Defined benefit plan adjustment, net of tax ........... ——9,696
Derivative financial instrument adjustment, net of tax .... (770) 1,359 6,973
Other comprehensive (loss) income .................. (770) 1,359 16,669
Total comprehensive (loss) income .................. $ (28,063) $ 8,224 $ 29,479
See notes to the consolidated financial statements.
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