Express 2015 Annual Report Download - page 37
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Table of Contents
NET SALES $ 2,350,129 $ 2,165,481 $ 2,219,125
COST OF GOODS SOLD, BUYING AND OCCUPANCY COSTS 1,554,852 1,504,527 1,501,418
Gross profit 795,277 660,954 717,707
OPERATING EXPENSES:
Selling, general, and administrative expenses 587,747 524,041 504,277
Other operating expense (income), net 292 316 (829)
Total operating expenses 588,039 524,357 503,448
OPERATING INCOME 207,238 136,597 214,259
INTEREST EXPENSE, NET 15,882 23,896 19,522
OTHER EXPENSE, NET 672 1,145 1,571
INCOME BEFORE INCOME TAXES 190,684 111,556 193,166
INCOME TAX EXPENSE 74,171 43,231 76,627
NET INCOME $ 116,513 $ 68,325 $ 116,539
OTHER COMPREHENSIVE LOSS:
Foreign currency translation loss (1,608) (2,329) (708)
COMPREHENSIVE INCOME $ 114,905 $ 65,996 $ 115,831
EARNINGS PER SHARE:
Basic $ 1.39 $ 0.81 $ 1.38
Diluted $ 1.38 $ 0.81 $ 1.37
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic 83,980 84,144 84,466
Diluted 84,591 84,554 85,068
See notes to consolidated financial statements.
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