Stein Mart 2014 Annual Report Download - page 29

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The accompanying notes are an integral part of these consolidated financial statements.
F-5
Stein Mart, Inc.
Consolidated Statements of Income
(In thousands, except for per share amounts)
Year Ended Year Ended Year Ended
January 31, 2015 February 1, 2014 February 2, 2013
Net sales 1,317,677$ 1,263,571$ 1,232,366$
Cost of merchandise sold 930,941 896,218 889,736
Gross profit 386,736 367,353 342,630
Selling, general and administrative expenses 342,027 326,520 306,407
Operating income 44,709 40,833 36,223
Interest expense, net 266 265 225
Income before income taxes 44,443 40,568 35,998
Income tax expense 17,537 15,013 10,971
Net income 26,906$ 25,555$ 25,027$
Net income per share:
Basic 0.60$0.58$ 0.57$
Diluted 0.59$0.57$ 0.57$
Weighted-average shares outstanding:
Basic 43,850 43,053 42,639
Diluted 44,749 43,778 42,828