Circuit City 2010 Annual Report Download - page 38

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SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
See notes to consolidated financial statements.
Year Ended December 31,
2010
2009
2008
Net sales
$
3,589,989
$
3,165,995
$
3,032,961
Cost of sales
3,094,042
2,705,747
2,574,402
Gross profit
495,947
460,248
458,559
Selling, general and administrative expenses
422,913
378,869
374,947
Reorganization and other charges
4,289
7,750
-
Operating income
68,745
73,629
83,612
Foreign currency exchange loss
1,750
187
1,300
Interest and other income, net
(840
)
(1,015
)
(2,229
)
Interest expense
1,802
1,372
798
Income before income taxes
66,033
73,085
83,743
Provision for income taxes
23,482
26,900
30,900
Net income
$
42,551
$
46,185
$
52,843
Net income per common share:
Basic
$
1.15
$
1.26
$
1.43
Diluted
$
1.13
$
1.24
$
1.40
Weighted average common and common equivalent shares:
Basic
36,996
36,706
36,950
Diluted
37,601
37,343
37,705
34