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T h e T J X C o m p a n i e s , I n c .
16
C O N S O L I D A T E D S T A T E M E N T S O F I N C O M E
Fiscal Year Ended
J a n u a r y 31, J a n u a r y 25, J a n u a r y 27,
Dollars in Thousands Except Per Share Amounts 1 9 9 8 1 9 9 7 1 9 9 6
(53 weeks)
Net sales $ 7 , 3 8 9 , 0 6 9 $ 6 , 6 8 9 , 4 1 0 $ 3 , 9 7 5 , 1 1 5
Cost of sales, including buying and occupancy costs 5 , 6 7 6 , 5 4 1 5 , 1 9 8 , 7 8 3 3 , 1 4 3 , 2 5 7
Selling, general and administrative expenses 1 , 1 8 5 , 7 5 5 1 , 0 8 7 , 1 3 7 6 6 9 , 8 7 6
S t o re closing costs – –3 5 , 0 0 0
I n t e rest expense, net 4 , 5 0 2 3 7 , 3 5 0 3 8 , 1 8 6
Income from continuing operations before
income taxes and extraord i n a ry item 5 2 2 , 2 7 1 3 6 6 , 1 4 0 8 8 , 7 9 6
P rovision for income taxes 2 1 5 , 6 7 9 1 5 2 , 3 1 4 3 7 , 2 0 7
Income from continuing operations
b e f o re extraord i n a ry item 3 0 6 , 5 9 2 2 1 3 , 8 2 6 5 1 , 5 8 9
Discontinued operations:
Income from discontinued operations,
net of income taxes – 2 9 , 3 6 1 9 , 7 1 0
Gain (loss) on disposal of discontinued
operations, net of income taxes – 1 2 5 , 5 5 6 ( 3 1 , 7 0 0 )
Income before extraord i n a ry item 3 0 6 , 5 9 2 3 6 8 , 7 4 3 2 9 , 5 9 9
E x t r a o rd i n a ry (charge), net of income taxes ( 1 , 7 7 7 ) ( 5 , 6 2 0 ) ( 3 , 3 3 8 )
Net income 3 0 4 , 8 1 5 3 6 3 , 1 2 3 2 6 , 2 6 1
P re f e rred stock dividends 1 1 , 6 6 8 1 3 , 7 4 1 9 , 4 0 7
Net income available to common share h o l d e r s $ 2 9 3 , 1 4 7 $ 349,382 $ 16,854
Basic earnings per share :
Income from continuing operations
b e f o re extraord i n a ry item $ 1 . 8 3 $ 1 . 3 3 $ .29
Net income $ 1 . 8 2 $ 2 . 3 2 $ .12
Weighted average common share s – b a s i c 1 6 0 , 7 3 7 , 0 2 3 1 5 0 , 4 6 3 , 4 5 2 1 4 4 , 8 3 0 , 3 5 2
Diluted earnings per share :
Income from continuing operations
b e f o re extraord i n a ry item $ 1 . 7 5 $ 1 . 2 2 $ .29
Net income $ 1 . 7 4 $ 2 . 0 7 $ .12
Weighted average common share s – d i l u t e d 1 7 4 , 8 0 6 , 0 9 2 1 7 5 , 3 2 5 , 0 5 0 1 4 5 , 3 9 0 , 9 5 0
Cash dividends per share $ . 2 0 $ .14 $ . 2 4 5
The accompanying notes are an integral part of the financial statements.

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