Cracker Barrel 2011 Annual Report Download - page 14

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Selected Financial Data
CR A CKER BAR REL OLD COUNTRY STORE, INC.
(Dollars in thousands except percentages and share data)
For each of the fiscal years ended
July 29, 2011(a)July 30, 2010(b) July 31, 2009(c)(d)August 1, 2008(d)August 3, 2007(d)(e)
SELECTED INCOME STATEMENT DATA:
Total revenue $2,434,435 $2,404,515 $2,367,285 $2,384,521 $2,351,576
Income from continuing operations85,208 85,258 65,957 65,303 75,983
(Loss) income from discontinued
operations, net of tax — — (31) 250 86,082
Net income 85,208 85,258 65,926 65,553 162,065
Basic net income per share:
Income from continuing operations3.70 3.71 2.94 2.87 2.75
(Loss) income from discontinued
operations, net of tax ———0.01 3.11
Net income per share 3.70 3.71 2.94 2.88 5.86
Diluted net income per share:
Income from continuing operations3.61 3.62 2.89 2.79 2.52
(Loss) income from discontinued
operations, net of tax ———0.01 2.71
Net income per share 3.61 3.62 2.89 2.80 5.23
Dividends declared per share(f)$0.88 $0.80 $0.80 $0.72 $0.56
Dividends paid per share $ 0.86 $0.80 $0.78 $0.68 $0.55
AS PERCENT OF TOTAL REVENUE:
Cost of goods sold 31.7% 31.0% 32.3% 32.4% 31.7%
Labor and related expenses 37.1 37.8 38.7 38.2 38.0
Other store operating expenses 18.6 18.2 17.8 17.7 17.4
Store operating income 12.6 13.0 11.2 11.7 12.9
General and administrative expenses 5.7 6.1 5.1 5.4 5.7
Impairment and store dispositions, net—0.1 0.1 — —
Operating income 6.9 6.8 6.0 6.3 7.2
Income before income taxes4.8 4.8 3.8 3.9 5.0
SELECTED BALANCE SHEET DATA:
Working capital (deficit) $ (21,188) $(73,289) $(66,637) $(44,080) $(74,388)
Total assets 1,310,884 1,292,067 1,245,181 1,313,703 1,265,030
Long-term debt 550,143 573,744 638,040 779,061 756,306
Interest rate swap liability51,604 66,281 61,232 39,618 13,680
Other long-term obligations(g)105,661 93,822 89,670 83,224 53,819
Shareholders’ equity268,034 191,617 135,622 92,751 104,123
SELECTED CASH FLOW DATA:
Purchase of property and equipment, net $ 77,686 $69,891 $67,842 $87,849 $96,447
Share repurchases 33,563 62,487 —52,380 405,531
SELECTED OTHER DATA:
Common shares outstanding at end of year 22,840,974 22,732,781 22,722,685 22,325,341 23,674,175
Stores open at end of year 603 593 588 577 562
AVEGE UNIT VOLUMES(h):
Restaurant $ 3,234 $3,226 $3,209 $3,282 $3,339
Retail837 832 841 898 917
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