Big Lots 2012 Annual Report Download - page 155

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75
BIG LOTS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 16 – Selected Quarterly Financial Data (Unaudited)
Summarized fiscal quarterly financial data for 2012 and 2011 is as follows:
Fiscal Year 2012 First Second Third Fourth Year
(In thousands, except per share amounts)(a)
Net sales .......................... $1,294,481 $1,218,037 $1,134,205 $1,753,396 $5,400,119
Gross margin ....................... 512,449 477,835 432,590 694,776 2,117,650
Income (loss) from continuing
operations ...................... 40,780 22,090 (5,988) 120,283 177,165
Income (loss) from discontinued
operations ...................... (34) (15) 1 4 (44)
Net income (loss) ................... 40,746 22,075 (5,987) 120,287 177,121
Earnings (loss) per share — basic:
Continuing operations ............ $ 0.64 $ 0.37 $ (0.10) $ 2.10 $ 2.96
Discontinued operations .......... —————
$ 0.64 $ 0.37 $ (0.10) $ 2.10 $ 2.96
Earnings (loss) per share — diluted:
Continuing operations ............ $ 0.63 $ 0.36 $ (0.10) $ 2.09 $ 2.93
Discontinued operations........... —————
$ 0.63 $ 0.36 $ (0.10) $ 2.09 $ 2.93
Fiscal Year 2011 First Second Third Fourth Year
(In thousands, except per share amounts) (a)
Net sales .......................... $1,227,274 $1,167,135 $1,138,286 $1,669,574 $5,202,269
Gross margin ....................... 494,129 460,536 444,360 671,382 2,070,407
Income from continuing operations ..... 52,531 35,714 4,241 114,749 207,235
Income (loss) from discontinued
operations ...................... (60) (31) (51) (29) (171)
Net income ........................ 52,471 35,683 4,190 114,720 207,064
Earnings per share — basic:
Continuing operations ............ $ 0.71 $ 0.51 $ 0.07 $ 1.79 $ 3.03
Discontinued operations........... —————
$ 0.71 $ 0.51 $ 0.06 $ 1.79 $ 3.03
Earnings per share — diluted:
Continuing operations ............ $ 0.70 $ 0.50 $ 0.06 $ 1.75 $ 2.99
Discontinued operations........... —————
$ 0.70 $ 0.50 $ 0.06 $ 1.75 $ 2.98
(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.