Big Lots 2013 Annual Report Download - page 219

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77
NOTE 18 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
The selected quarterly financial data does not agree to our previously issued quarterly reports as a result of the reclassification
of our wholesale business to discontinued operations during the fourth quarter of 2013. Please see the Wholesale Business
section of note 14 to the consolidated financial statements for further discussion. Summarized fiscal quarterly financial data for
2013 and 2012 is as follows:
Fiscal Year 2013 First Second Third Fourth Year
(In thousands, except per share amounts) (a)
Net sales $1,303,614 $1,218,800 $1,143,221 $ 1,636,277 $5,301,912
Gross margin 515,734 478,283 445,626 625,663 2,065,306
Income (loss) from continuing operations 32,621 18,098 (6,929)80,979 124,769
Income (loss) from discontinued operations (288)28 (2,588)3,374 526
Net income (loss) 32,333 18,126 (9,517)84,353 125,295
Earnings (loss) per share - basic:
Continuing operations $0.57 $0.32 $(0.12)$ 1.41 $2.17
Discontinued operations (0.01)
(0.05)0.06 0.01
$ 0.56 $0.32 $(0.17)$ 1.47 $2.18
Earnings (loss) per share - diluted:
Continuing operations $0.56 $0.31 $(0.12)$ 1.39 $2.15
Discontinued operations
(0.05)0.06 0.01
$ 0.56 $0.31 $(0.17)$ 1.45 $2.16
Fiscal Year 2012 First Second Third Fourth Year
(In thousands, except per share amounts) (a)
Net sales $1,286,297 $1,211,378 $1,124,907 $ 1,744,583 $5,367,165
Gross margin 511,168 476,910 430,934 693,316 2,112,328
Income (loss) from continuing operations 40,819 22,193 (6,182)120,139 176,969
Income (loss) from discontinued operations (73)(118)195 148 152
Net income (loss) 40,746 22,075 (5,987)120,287 177,121
Earnings (loss) per share - basic:
Continuing operations $0.64 $0.37 $(0.11)$ 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 $(0.11)$ 2.08 $2.93
Discontinued operations
$ 0.63 $0.36 $(0.10)$ 2.09 $2.93
(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.