Coach 2010 Annual Report Download - page 24

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TABLE OF CONTENTS
(2) During fiscal 2011, fiscal 2009 and fiscal 2008, the Company recorded certain items which affect the comparability of our results. The
following tables reconcile the as reported results to such results excluding these items. See Item 7, “Management’s Discussion and
Analysis of Financial Condition and Results of Operations,” for further information about these items.
Fiscal 2011
Income from
Continuing Operations
SG&A Operating
Income
Amount Per Diluted
Share
As Reported: (GAAP Basis) $ 1,718,617 $ 1,304,924 $ 880,800 $ 2.92
Excluding items affecting comparability (25,678) 25,678 0 0.00
Adjusted: (Non-GAAP Basis) $ 1,692,939 $ 1,330,602 $ 880,800 $ 2.92
Fiscal 2009
Income from
Continuing Operations
SG&A Operating
Income
Amount Per Diluted
Share
As Reported: (GAAP Basis) $ 1,350,697 $ 971,913 $ 623,369 $ 1.91
Excluding items affecting comparability (28,365) 28,365 (1,241) 0.00
Adjusted: (Non-GAAP Basis) $ 1,322,332 $ 1,000,278 $ 622,128 $ 1.91
Fiscal 2008
Income from
Continuing Operations
SG&A Operating
Income
Amount Per Diluted
Share
As Reported: (GAAP Basis) $ 1,259,974 $ 1,147,129 $ 783,039 $ 2.17
Excluding items affecting comparability (32,100) 32,100 (41,037) (0.11)
Adjusted: (Non-GAAP Basis) $ 1,227,874 $ 1,179,229 $ 742,002 $ 2.06
(3) During fiscal 2007, the Company exited its corporate accounts business.
(4) During fiscal 2011, the Company changed its method of accounting for the classification of interest and penalties related to uncertain tax
positions to include such amounts as a component of the Provision for income taxes. They had previously been classified within Interest
income, net. Previously reported amounts for fiscal years 2010, 2009 and 2008 have been restated to reflect this change. See the Change
in Accounting Principle note presented in the Notes to the Consolidated Financial Statements.
(5) During the fourth quarter of fiscal 2009, the Company initiated a cash dividend at an annual rate of $0.30 per share. During the fourth
quarter of fiscal 2010, the Company increased the cash dividend to an annual rate of $0.60 per share. During the fourth quarter of fiscal
2011, the Company increased the cash dividend to an expected annual rate of $0.90 per share.
(6) During fiscal 2009, the Company acquired its domestic retail businesses in Hong Kong, Macau and mainland China from its former
distributor, the ImagineX group. Prior to the acquisitions, these locations were operated by the ImagineX group. See the Acquisitions note
presented in the Notes to the Consolidated Financial Statements.
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