Supercuts 2010 Annual Report Download - page 81
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Table of Contents
REGIS CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share data)
The accompanying notes are an integral part of the Consolidated Financial Statements.
79
Years Ended June 30,
2010 2009 2008
Revenues:
Service
$
1,784,137
$
1,833,958
$
1,862,490
Product
534,593
556,205
551,286
Royalties and fees
39,704
39,624
67,615
2,358,434
2,429,787
2,481,391
Operating expenses:
Cost of service
1,015,720
1,044,719
1,062,559
Cost of product
263,883
283,038
264,391
Site operating expenses
199,338
190,456
184,769
General and administrative
291,991
291,661
321,563
Rent
344,098
347,792
361,476
Depreciation and amortization
108,764
115,655
113,293
Goodwill impairment
35,277
41,661
—
Lease termination costs
2,145
5,732
—
Total operating expenses
2,261,216
2,320,714
2,308,051
Operating income
97,218
109,073
173,340
Other income (expense):
Interest expense
(54,414
)
(39,768
)
(44,279
)
Interest income and other, net
10,410
9,461
8,173
Income from continuing operations before income
taxes and equity in income (loss) of affiliated
companies
53,214
78,766
137,234
Income taxes
(25,577
)
(41,950
)
(54,182
)
Equity in income (loss) income of affiliated companies, net
of income taxes
11,942
(29,846
)
849
Income from continuing operations
39,579
6,970
83,901
Income (loss) from discontinued operations, net of
taxes (Note 2)
3,161
(131,436
)
1,303
Net income (loss)
$
42,740
$
(124,466
)
$
85,204
Net income (loss) per share:
Basic:
Income from continuing operations
0.71
0.16
1.94
Income (loss) from discontinued operations
0.06
(3.06
)
0.03
Net income (loss) per share, basic(1)
$
0.77
$
(2.90
)
$
1.97
Diluted:
Income from continuing operations
0.71
0.16
1.92
Income (loss) from discontinued operations
0.05
(3.05
)
0.03
Net income (loss) income per share, diluted(1)
$
0.75
$
(2.89
)
$
1.95
Weighted average common and common equivalent shares
outstanding:
Basic
55,806
42,897
43,157
Diluted
66,753
43,026
43,587
Cash dividends declared per common share
$
0.16
$
0.16
$
0.16
(1)
Total is a recalculation; line items calculated individually may not sum to total due to rounding.