Coach 2012 Annual Report Download - page 29
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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 2008, the Company had income from discontinued operations in connection with exiting its
corporate accounts business. There were no discontinued operations in fiscal years 2012, 2011, 2010 or
2009.
(4) 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 annual rate of $0.90 per share. During the fourth quarter of fiscal 2012, the Company
increased the cash dividend to an expected annual rate $1.20 per share.
(5) 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. During fiscal 2012, the Company acquired its domestic retail
businesses in Singapore and Taiwan from their former distributors, Valiram Group and Tasa Meng,
respectively. Prior to the acquisitions, these locations were operated by these distributors. See the
Acquisitions note presented in the Notes to the Consolidated Financial Statements.
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