Cracker Barrel 2011 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2011 Cracker Barrel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 56

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56

31
Consolidated Statements of Income
(In thousands except share data)
CR A CKER BAR REL OLD COUNTRY STORE, INC.
(In thousands except share data)
Fiscal years ended
July 29, 2011 July 30, 2010 July 31, 2009
Total revenue $2,434,435 $2,404,515 $2,367,285
Cost of goods sold 772,471 745,818 764,909
Gross profit 1,661,964 1,658,697 1,602,376
Labor and other related expenses 904,229 908,211 916,256
Other store operating expenses 451,957 437,136 421,594
Store operating income 305,778 313,350 264,526
General and administrative expenses 139,222 145,882 120,199
Impairment and store dispositions, net(625) 2,800 2,088
Operating income 167,181 164,668 142,239
Interest expense 51,490 48,959 52,177
Income before income taxes115,691 115,709 90,062
Provision for income taxes30,483 30,451 24,105
Income from continuing operations85,208 85,258 65,957
Loss from discontinued operations, net of tax — — (31)
Net income $85,208 $85,258 $65,926
Basic net income per share:
Income from continuing operations $ 3.70 $3.71 $2.94
Loss from discontinued operations, net of tax — — —
Net income per share $ 3.70 $3.71 $2.94
Diluted net income per share:
Income from continuing operations $ 3.61 $3.62 $2.89
Loss from discontinued operations, net of tax — — —
Net income per share $ 3.61 $3.62 $2.89
Basic weighted average shares outstanding22,998,200 23,007,856 22,458,971
Diluted weighted average shares outstanding23,634,675 23,579,752 22,787,633
See Notes to Consolidated Financial Statements.
B)LQDQFLDOLQGG 30