Aarons 2010 Annual Report Download - page 29

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Consolidated Statements of Earnings
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
(In Thousands, Except Per Share) 2010 2009 2008
Revenues:
Lease Revenues and Fees $1,402,053 $1,310,709 $1,178,719
Retail Sales 40,556 43,394 43,187
Non-Retail Sales 362,273 327,999 309,326
Franchise Royalties and Fees 59,112 52,941 45,025
Other 12,853 17,744 16,351
1,876,847 1,752,787 1,592,608
Costs and Expenses:
Retail Cost of Sales 23,013 25,730 26,379
Non-Retail Cost of Sales 330,918 299,727 283,358
Operating Expenses 824,929 771,634 705,566
Depreciation of Lease Merchandise 504,105 474,958 429,907
Interest 3,096 4,299 7,818
1,686,061 1,576,348 1,453,028
Earnings From Continuing
Operations Before Income Taxes 190,786 176,439 139,580
Income Taxes 72,410 63,561 53,811
Net Earnings From
Continuing Operations 118,376 112,878 85,769
(Loss) Earnings From Discontinued
Operations, Net of Tax — (277) 4,420
Net Earnings $ 118,376 $ 112,601 $ 90,189
Earnings Per Share From
Continuing Operations $ 1.46 $ 1.39 $ 1.07
Earnings Per Share From Continuing
Operations Assuming Dilution 1.44 1.38 1.06
Earnings Per Share From
Discontinued Operations .00 .00 .06
(Loss) Earnings Per Share From Discontinued
Operations Assuming Dilution .00 (.01) .05
The accompanying notes are an integral part of the Consolidated Financial Statements.
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