Cracker Barrel 2010 Annual Report Download - page 41

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(In thousands except share data)
Fiscal years ended
July 30, 2010 July 31, 2009 August 1, 2008
Total revenue $ 2,404,515 $ 2,367,285 $ 2,384,521
Cost of goods sold 745,818 764,909 773,757
Gross prot 1,658,697 1,602,376 1,610,764
Labor and other related expenses 908,211 916,256 909,546
Impairment and store closing charges 2,800 2,088 877
Other store operating expenses 437,136 421,594 422,293
Store operating income 310,550 262,438 278,048
General and administrative expenses 145,882 120,199 127,273
Operating income 164,668 142,239 150,775
Interest expense 48,959 52,177 57,445
Interest income — — 185
Income before income taxes 115,709 90,062 93,515
Provision for income taxes 30,451 24,105 28,212
Income from continuing operations 85,258 65,957 65,303
(Loss) income from discontinued operations, net of tax — (31) 250
Net income $ 85,258 $ 65,926 $ 65,553
Basic net income per share:
Income from continuing operations $ 3.71 $ 2.94 $ 2.87
(Loss) income from discontinued operations, net of tax — — 0.01
Net income per share $ 3.71 $ 2.94 $ 2.88
Diluted net income per share:
Income from continuing operations $ 3.62 $ 2.89 $ 2.79
(Loss) income from discontinued operations, net of tax — — 0.01
Net income per share $ 3.62 $ 2.89 $ 2.80
Basic weighted average shares outstanding 23,007,856 22,458,971 22,782,608
Diluted weighted average shares outstanding 23,579,752 22,787,633 23,406,044
See Notes to Consolidated Financial Statements.
Consolidated Statement of Income
CRACKER BARREL OLD COUNTRY STORE, INC.
39