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TABLE OF CONTENTS
COACH, INC.
Notes to Consolidated Financial Statements
(dollars and shares in thousands, except per share data)
20. Shareholder Rights Plan – (continued)
the tenth day following either the public announcement that, or the date on which a majority of Coach’s Board of Directors becomes aware
that, a person has acquired 10% or more of the outstanding common stock. As of the end of fiscal 2009, there were no shareholders whose
common stock holdings exceeded the 10% threshold established by the rights plan.
21. Subsequent Event Evaluation
The Company adopted SFAS 165, “Subsequent Events,” for the annual period ended on June 27, 2009. SFAS 165 formalizes the
recognition and nonrecognition of subsequent events and the disclosure requirements not addressed in other applicable generally accepted
accounting guidance. This statement was effective for Coach’s financial statements beginning with the annual period ended on June 27,
2009. The Company evaluated subsequent events through August 19, 2009, the date these financial statements were issued, for both
conditions existing and not existing as of June 27, 2009 and concluded there were no subsequent events to recognize or disclose.
22. Quarterly Financial Data (Unaudited)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Fiscal 2009(1)(2)
Net sales $ 752,529 $ 960,256 $ 739,939 $ 777,744
Gross profit 558,193 692,036 525,063 547,318
Income from continuing operations 145,811 216,906 114,859 145,793
Income from discontinued operations — — — —
Net income 145,811 216,906 114,859 145,793
Basic earnings per common share:
Continuing operations 0.44 0.67 0.36 0.46
Discontinued operations — — — —
Net income 0.44 0.67 0.36 0.46
Diluted earnings per common share:
Continuing operations 0.44 0.67 0.36 0.45
Discontinued operations — — — —
Net income 0.44 0.67 0.36 0.45
Fiscal 2008(1)(3)
Net sales $ 676,718 $ 978,017 $ 744,522 $ 781,500
Gross profit 518,221 737,272 558,318 593,292
Income from continuing operations 154,786 252,317 162,412 213,524
Income from discontinued operations 20 — (4) —
Net income 154,806 252,317 162,408 213,524
Basic earnings per common share:
Continuing operations 0.42 0.70 0.47 0.63
Discontinued operations 0.00 — (0.00) —
Net income 0.42 0.70 0.47 0.63
Diluted earnings per common share:
Continuing operations 0.41 0.69 0.46 0.62
Discontinued operations 0.00 — (0.00) —
Net income 0.41 0.69 0.46 0.62
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