DSW 2014 Annual Report Download - page 41
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Table of Contents
Net sales $ 2,496,092
$ 2,368,668
$ 2,257,778
Cost of sales (1,741,071)
(1,629,381)
(1,533,058)
Operating expenses (512,889)
(497,899)
(481,797)
Change in fair value of derivative instruments —
—
(6,121)
Operating profit 242,132
241,388
236,802
Interest expense (490)
(598)
(894)
Interest income 3,285
3,217
4,705
Interest income, net 2,795
2,619
3,811
Income from continuing operations before income taxes and income from
Town Shoes 244,927
244,007
240,613
Income tax provision (95,713)
(92,705)
(95,427)
Income from Town Shoes 3,813
—
—
Income from continuing operations, net of tax 153,027
151,302
145,186
Total income from discontinued operations, net of tax 272
—
1,253
Net income $ 153,299 $ 151,302
$ 146,439
Basic and diluted earnings per share:
Basic earnings per share from continuing operations $ 1.71
$ 1.67
$ 1.63
Diluted earnings per share from continuing operations $ 1.69
$ 1.65
$ 1.60
Basic earnings per share from discontinued operations $ 0.00
—
$ 0.01
Diluted earnings per share from discontinued operations $ 0.00
—
$ 0.01
Basic earnings per share $ 1.71
$ 1.67
$ 1.65
Diluted earnings per share $ 1.69
$ 1.65
$ 1.62
Shares used in per share calculations:
Basic shares 89,499
90,472
88,846
Diluted shares 90,612
91,901
90,606
The accompanying Notes are an integral part of the Consolidated Financial Statements.
F- 2
Source: DSW Inc., 10-K, March 26, 2015 Powered by Morningstar® Document Research℠
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