Ross 2009 Annual Report Download - page 44

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— 42 —
The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:
Effect of dilutive
Basic common stock Diluted
Shares in (000s) EPS equivalents EPS
2009
Shares 122,887 2,127 125,014
Amount $ 3.60 $ (.06) $ 3.54
2008
Shares 129,235 2,080 131,315
Amount $ 2.36 $ (.03) $ 2.33
2007
Shares 135,093 2,049 137,142
Amount $ 1.93 $ (.03) $ 1.90
Sales mix. The Company’s sales mix is shown below for fiscal 2009, 2008, and 2007:
2009 2008 2007
Ladies 30% 32% 32%
Home accents and bed and bath 24% 23% 23%
Men’s 13% 14% 15%
Accessories, lingerie, fine jewelry, and fragrances 13% 12% 11%
Shoes 11% 10% 10%
Children’s 9% 9% 9%
Total 100% 100% 100%
Comprehensive income. Comprehensive income consists of net earnings and other comprehensive income, principally
unrealized investment gains or losses. Components of comprehensive income are presented in the consolidated statements of
stockholders’ equity.
New accounting standards. In June 2009, the Financial Accounting Standards Board (“FASB”) issued ASC 810 (originally
issued as SFAS No. 167, “Amendments to FASB Interpretation No. 46(R))”. Among other things, ASC 810 responds to concerns
about the application of certain key provisions of FIN 46(R), including those regarding the transparency of the involvement with
variable interest entities. ASC 810 is effective for fiscal years beginning after November 15, 2009. The Company does not believe
the adoption of ASC 810 will have a material impact on its consolidated financial statements.