Cracker Barrel 2014 Annual Report Download - page 35

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33
Consolidated Statements of Income
(In thousands except share data)
CRACKER BARREL OLD COUNTRY STORE, INC.
Fiscal years ended
August 1, 2014 August 2, 2013 August 3, 2012
Total revenue $ 2,683,677 $ 2,644,630 $ 2,580,195
Cost of goods sold 872,758 854,684 827,484
Gross prot 1,810,919 1,789,946 1,752,711
Labor and other related expenses 966,593 962,559 951,435
Other store operating expenses 506,533 482,601 464,130
Store operating income 337,793 344,786 337,146
General and administrative expenses 129,387 143,262 146,171
Operating income 208,406 201,524 190,975
Interest expense 17,557 35,742 44,687
Income before income taxes 190,849 165,782 146,288
Provision for income taxes 58,721 48,517 43,207
Net income $ 132,128 $ 117,265 $ 103,081
Net income per share – basic $ 5.55 $ 4.95 $ 4.47
Net income per share – diluted $ 5.51 $ 4.90 $ 4.40
Basic weighted average shares outstanding 23,817,768 23,708,875 23,067,566
Diluted weighted average shares outstanding 23,966,015 23,948,321 23,408,126
See Notes to Consolidated Financial Statements.
Consolidated Statements of Comprehensive Income
(In thousands)
Fiscal years ended
August 1, 2014 August 2, 2013 August 3, 2012
Net income $ 132,128 $ 117,265 $ 103,081
Other comprehensive income before income tax expense:
Change in fair value of interest rate swaps 3,058 23,620 17,223
Income tax expense 1,179 9,074 349
Other comprehensive income, net of tax 1,879 14,546 16,874
Comprehensive income $ 134,007 $ 131,811 $ 119,955
See Notes to Consolidated Financial Statements.