Big Lots 2009 Annual Report Download - page 191

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75
BIG LOTS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 13 — Selected Quarterly Financial Data (Unaudited)
Summarized fiscal quarterly financial data for 2009 and 2008 is as follows:
Fiscal Year 2009 First Second Third Fourth Year
(In thousands, except per share amounts) (a)
Net sales........................ $1,141,656 $1,086,567 $1,035,269 $1,463,280 $4,726,772
Gross margin .................... 462,180 434,383 417,991 604,752 1,919,306
Income from continuing
operations.................... 36,310 28,616 30,256 106,188 201,370
Income (loss) from discontinued
operations.................... (79) (173) 73 (822) (1,001)
Net income...................... 36,231 28,443 30,329 105,366 200,369
Earnings per share — basic:
Continuing operations .......... 0.45 0.35 0.37 1.30 2.47
Discontinued operations......... — — — (0.01) (0.01)
0.45 0.35 0.37 1.29 2.45
Earnings per share — diluted:
Continuing operations .......... 0.44 0.35 0.37 1.28 2.44
Discontinued operations......... — — — (0.01 ) (0.01)
$ 0.44 $ 0.34 $ 0.37 $ 1.27 $ 2.42
Fiscal Year 2008 First Second Third Fourth Year
(In thousands, except per share amounts) (a)
Net sales......................... $1,151,589 $1,105,189 $1,021,580 $1,366,925 $4,645,283
Gross margin ..................... 463,791 434,804 406,262 552,572 1,857,429
Income from continuing
operations..................... 34,486 26,147 12,358 81,807 154,798
Income (loss) from discontinued
operations..................... 23 (122) (110) (3,042) (3,251)
Net income....................... 34,509 26,025 12,248 78,765 151,547
Earnings per share — basic:
Continuing operations ........... 0.43 0.32 0.15 1.01 1.91
Discontinued operations.......... — — — (0.04) (0.04)
0.43 0.32 0.15 0.97 1.87
Earnings per share — diluted:
Continuing operations ........... 0.42 0.32 0.15 1.00 1.89
Discontinued operations.......... — — — (0.04) (0.04)
$ 0.42 $ 0.32 $ 0.15 $ 0.96 $ 1.85
(a) Earnings per share calculations for each fiscal quarter are based on the applicable weighted-average shares
outstanding for each period and the sum of the earnings per share for the four fiscal quarters may not
necessarily be equal to the full year earnings per share amount.