Rue 21 2012 Annual Report Download - page 44

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rue21, inc.
Consolidated Statements of Income
Fiscal Year Ended
February 2,
2013
January 28,
2012
January 29,
2011
(in thousands, except per share data)
Net sales ........................................................ $901,886 $760,302 $634,728
Cost of goods sold (includes certain buying, occupancy and distribution center
expenses) ..................................................... 556,368 473,662 399,896
Gross profit ..................................................... 345,518 286,640 234,832
Selling, general, and administrative expense ........................... 244,096 197,176 163,006
Depreciation and amortization expense ................................ 32,961 26,618 21,980
Income from operations ............................................ 68,461 62,846 49,846
Interest (income) expense, net ....................................... (27) (9) 74
Income before income taxes ........................................ 68,488 62,855 49,772
Provision for income taxes ......................................... 24,587 23,905 19,528
Net income ...................................................... $ 43,901 $ 38,950 $ 30,244
Basic income per common share ..................................... $ 1.81 $ 1.60 $ 1.25
Diluted income per common share ................................... $ 1.76 $ 1.55 $ 1.21
Weighted average basic common shares outstanding ..................... 24,287 24,417 24,277
Weighted average diluted common shares outstanding ................... 24,903 25,051 25,002
See accompanying notes to the consolidated financial statements.
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