Big Lots 2010 Annual Report Download - page 146

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72
BIG LOTS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 14 — Selected Quarterly Financial Data (Unaudited)
Summarized fiscal quarterly financial data for 2010 and 2009 is as follows:
Fiscal Year 2010 First Second Third Fourth Year
(In thousands, except per share amounts) (a)
Net sales.......................... $ 1,235,162 $ 1,142,309 $ 1,055,830 $ 1,518,943 $ 4,952,244
Gross margin ...................... 501,955 462,425 428,107 619,964 2,012,451
Income from continuing operations .... 55,998 38,779 17,745 110,025 222,547
Income (loss) from discontinued
operations...................... (100) 98 (51) 30 (23)
Net income........................ 55,898 38,877 17,694 110,055 222,524
Earnings per share — basic:
Continuing operations ............ 0.69 0.49 0.24 1.48 2.87
Discontinued operations........... — — — — —
0.69 0.49 0.23 1.48 2.87
Earnings per share — diluted:
Continuing operations ............ 0.68 0.48 0.23 1.46 2.83
Discontinued operations........... — — — — —
$ 0.68 $ 0.48 $ 0.23 $ 1.46 $ 2.83
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
(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.