CompUSA 2011 Annual Report Download - page 40

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SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
See notes to consolidated financial statements.
Table of Contents
Year Ended December 31,
2011
2010
2009
Net sales
$
3,682,039
$
3,589,989
$
3,165,995
Cost of sales
3,151,363
3,100,385
2,712,621
Gross profit
530,676
489,604
453,374
Selling, general and administrative expenses
455,747
416,570
371,995
Special (gains) charges
(5,598
)
4,289
7,750
Operating income
80,527
68,745
73,629
Foreign currency exchange loss
1,037
1,750
187
Interest and other income, net
(1,376
)
(840
)
(1,015
)
Interest expense
2,183
1,802
1,372
Income before income taxes
78,683
66,033
73,085
Provision for income taxes
24,275
23,482
26,900
Net income
$
54,408
$
42,551
$
46,185
Net income per common share:
Basic
$
1.48
$
1.15
$
1.26
Diluted
$
1.47
$
1.13
$
1.24
Weighted average common and common equivalent shares:
Basic
36,805
36,996
36,706
Diluted
37,096
37,601
37,343
Dividends declared
-
-
$
0.75
38