Aarons 2001 Annual Report Download - page 21

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18
CONSOLIDATED
STATEMENTS
OF EARNINGS
CONSOLIDATED
STATEMENTS
OF SHAREHOLDERS’
EQUITY
Additional Accumulated
Treasury Stock Common Stock Paid-In Retained Other Comprehensive
(In Thousands, Except Per Share) Shares Amount Common Class A Capital Earnings Loss
BALANCE, DECEMBER 31, 1998 (3,084) ($31,740) $9,135 $2,681 $54,284 $134,511
Reacquired Shares (860) (12,673)
Dividends, $.04 per share (800)
Reissued Shares 234 2,821 (103)
Net Earnings 25,602
BALANCE, DECEMBER 31, 1999 (3,710) (41,592) 9,135 2,681 54,181 159,313
Reacquired Shares (328) (4,625)
Dividends, $.04 per share (792)
Reissued Shares 275 3,495 (519)
Net Earnings 27,261
BALANCE, DECEMBER 31, 2000 (3,763) (42,722) 9,135 2,681 53,662 185,782
Dividends, $.04 per share (797)
Reissued Shares 100 1,660 184
Net Earnings 12,336
Unrealized Loss on Financial Instruments,
Net of Income Taxes of $1,191 ($1,954)
BALANCE, DECEMBER 31, 2001 (3,663) ($41,062) $9,135 $2,681 $53,846 $197,321 ($1,954)
The accompanying notes are an integral part of the Consolidated Financial Statements.
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
(In Thousands, Except Per Share) 2001 2000 1999
REVENUES
Rentals & Fees $403,385 $359,880 $318,154
Retail Sales 60,481 62,417 62,296
Non-Retail Sales 66,212 65,498 45,394
Other 16,603 15,125 11,515
546,681 502,920 437,359
COSTS & EXPENSES
Retail Cost of Sales 43,987 44,156 45,254
Non-Retail Cost of Sales 61,999 60,996 42,451
Operating Expenses 276,682 227,587 201,923
Depreciation of Rental Merchandise 137,900 120,650 102,324
Interest 6,258 5,625 4,105
526,826 459,014 396,057
Earnings Before Income Taxes 19,855 43,906 41,302
Income Taxes 7,519 16,645 15,700
Net Earnings $ 12,336 $ 27,261 $ 25,602
Earnings Per Share $ .62 $ 1.38 $ 1.28
Earnings Per Share Assuming Dilution .61 1.37 1.26
The accompanying notes are an integral part of the Consolidated Financial Statements.