Stein Mart 2010 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 29, 2011
Year Ended
January 30, 2010
Year Ended
January 31, 2009
Net sales $1,181,510 $1,219,109 $1,326,469
Cost of merchandise sold 869,202 888,752 1,032,232
Gross profit 312,308 330,357 294,237
Selling, general and administrative expenses 288,592 314,115 394,767
Other income, net 29,430 18,405 20,401
Operating income (loss) 53,146 34,647 (80,129)
Interest income (expense), net 46 (238) (1,753)
Income (loss) before income taxes 53,192 34,409 (81,882)
Income tax (provision) benefit (4,439) (10,856) 10,581
Net income (loss) $ 48,753 $ 23,553 $ (71,301)
Net income (loss) per share:
Basic $1.10 $0.55 $(1.72)
Diluted $1.08 $0.54 $(1.72)
Weighted-average shares outstanding:
Basic 42,780 41,822 41,366
Diluted 43,592 43,082 41,366