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13 weeks ended July 30, 2011
Statement of Operation Data:
(In thousands, except per share data)
As Previously
Reported Corrections Restated
Sales $ 1,418,404 — $ 1,418,404
Cost of sales and occupancy 1,030,846 (2,673) 1,028,173
Gross profit 387,558 2,673 390,231
Selling and administrative expenses 411,118 — 411,118
Depreciation and amortization 55,671 — 55,671
Operating income (loss) (79,231) 2,673 (76,558)
Interest expense, net and amortization of deferred financing fees (9,442) — (9,442)
Income (loss) before income taxes (benefit) (88,673) 2,673 (86,000)
Income taxes (benefit) (32,067) 1,067 (31,000)
Net income (loss) $ (56,606) 1,606 $ (55,000)
Diluted income (loss) per common share
Net income (loss) $ (0.99) 0.03 $ (0.96)
13 weeks ended October 29, 2011
Statement of Operations Data:
(In thousands, except per share data) As Previously Reported Corrections Restated
Sales $ 1,891,961 — $ 1,891,961
Cost of sales and occupancy 1,420,297 (751) 1,419,546
Gross profit 471,664 751 472,415
Selling and administrative expenses 415,632 — 415,632
Depreciation and amortization 57,755 — 57,755
Operating income (loss) (1,723) 751 (972)
Interest expense, net and amortization of deferred financing fees (8,460) — (8,460)
Income (loss) before income taxes (benefit) (10,183) 751 (9,432)
Income taxes (benefit) (3,620) 299 (3,321)
Net income (loss) $ (6,563) 452 $ (6,111)
Diluted income (loss) per common share
Net income (loss) $ (0.17) 0.00 $ (0.17)
2013 Annual Report 67