Stein Mart 2009 Annual Report Download - page 27

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The accompanying notes are an integral part of these consolidated financial statements.
F-3
Stein Mart, Inc.
Consolidated Statements of Operations
(In thousands, except for share amounts)
Year Ended
January 30, 2010
Year Ended
January 31, 2009
Year Ended
February 2, 2008
Net sales $1,219,109 $1,326,469 $1,457,645
Cost of merchandise sold 888,752 1,032,232 1,096,235
Gross profit 330,357 294,237 361,410
Selling, general and administrative expenses 314,115 394,767 388,572
Other income, net 18,405 20,401 21,376
Income (loss) from operations 34,647 (80,129) (5,786)
Interest expense, net (238) (1,753) (794)
Income (loss) before income taxes 34,409 (81,882) (6,580)
Income tax (provision) benefit (10,856) 10,581 2,050
Net income (loss) $ 23,553 $ (71,301) $ (4,530)
Net income (loss) per share:
Basic $0.55 $(1.72) $(0.11)
Diluted $0.54 $(1.72) $(0.11)
Weighted-average shares outstanding:
Basic 41,822 41,366 42,123
Diluted 43,082 41,366 42,123