Harris Teeter 2008 Annual Report Download - page 60

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56
RUDDICK CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (continued)
STATEMENTS OF CONSOLIDATED CASH FLOWS
A portion of the sales and operating costs of American & Efird’s foreign operations are denominated in
currencies other than the U.S. dollar. This creates an exposure to foreign currency exchange rates. The impact of
changes in the relationship of other currencies to the U.S. dollar has historically not been significant, and such
changes in the future are not expected to have a material impact on the Company’s results of operations or cash
flows.
The following table sets forth selected cash payments and non-cash activity for fiscal years 2008, 2007 and
2006 (in thousands):
2008 2007 2006
Cash paid during the year for:
Interest, Net of Amounts Capitalized................... $19,263 $17,295 $15,402
Income Taxes ..................................... 46,072 52,384 60,536
Non-cash activity:
Assets Acquired under Capital Leases .................. 26,844 23,207 —
QUARTERLY INFORMATION (UNAUDITED)
The Company’s stock is listed and traded on the New York Stock Exchange. The following table sets forth
certain financial information, the high and low sales prices and dividends declared for the common stock for the
periods indicated (in millions, except per share data):
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter Fiscal
Year
2008 Operating Results
Net Sales ................................. $976.7 $975.6 $1,013.6 $1,026.5 $3,992.4
Gross Profit ............................... 291.0 301.4 307.4 308.6 1,208.4
Net Income ............................... 23.4 24.1 24.5 24.8 96.8
Net Income Per Share:
Basic.................................. 0.49 0.50 0.51 0.52 2.02
Diluted ................................ 0.48 0.50 0.51 0.51 2.00
Dividend Per Share ......................... 0.12 0.12 0.12 0.12 0.48
Market Price Per Share:
High .................................. 38.03 36.99 39.79 38.98 39.79
Low................................... 31.15 31.71 33.89 29.47 29.47
2007 Operating Results
Net Sales ................................. $880.8 $891.8 $923.0 $943.6 $3,639.2
Gross Profit ............................... 261.4 269.9 281.5 283.5 1,096.3
Net Income................................ 18.3 20.0 21.2 21.2 80.7
Net Income Per Share:
Basic.................................. 0.39 0.42 0.44 0.44 1.69
Diluted ................................ 0.38 0.42 0.44 0.44 1.68
Dividend Per Share ......................... 0.11 0.11 0.11 0.11 0.44
Market Price Per Share:
High .................................. 28.91 30.50 32.39 37.28 37.28
Low................................... 25.20 26.30 29.53 27.53 25.20