Cracker Barrel 2006 Annual Report Download - page 51

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49
CBRL GROUP, INC.
Consolidated Statement of Income
(In thousands except share data)
Fiscal years ended
July 28, July 29, July 30,
2006 2005 2004
Total revenue $ 2,642,997 $ 2,567,548 $ 2,380,947
Cost of goods sold 845,644 847,045 785,703
Gross profit 1,797,353 1,720,503 1,595,244
Labor and other related expenses 963,922 939,849 880,617
Impairment and store closing charges (see Note 2) 8,890 431 —
Other store operating expenses 479,165 445,455 405,139
Store operating income 345,376 334,768 309,488
General and administrative 155,847 132,606 126,501
Operating income 189,529 202,162 182,987
Interest expense 22,298 8,693 8,444
Interest income 818 96 5
Income before income taxes 168,049 193,565 174,548
Provision for income taxes 51,758 66,925 62,663
Net income $ 116,291 $ 126,640 $ 111,885
Net income per share – basic $ 2.71 $ 2.65 $ 2.29
Net income per share – diluted $ 2.50 $ 2.45 $ 2.12
Basic weighted average shares outstanding 42,917,319 47,791,317 48,877,306
Diluted weighted average shares outstanding 48,044,440 53,382,007 54,952,633
See Notes to Consolidated Financial Statements.