Harris Teeter 2010 Annual Report Download - page 37

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STATEMENTS OF CONSOLIDATED OPERATIONS
RUDDICK CORPORATION AND SUBSIDIARIES
(dollars in thousands, except per share data)
53 Weeks Ended
October 3,
2010
52 Weeks Ended
September 27,
2009
52 Weeks Ended
September 28,
2008
Net Sales .............................................. $4,400,450 $4,077,822 $3,992,397
Cost of Sales ........................................... 3,100,592 2,860,465 2,783,950
Selling, General and Administrative Expenses ................ 1,101,887 1,052,615 1,034,662
Goodwill Impairment Charge .............................. — 7,654 —
Long-Lived Asset Impairment Charge ....................... — 2,237 —
Operating Profit ....................................... 197,971 154,851 173,785
Interest Expense ........................................ 20,072 17,307 20,334
Interest Income ......................................... (196) (493) (1,185)
Net Investment (Gain) Loss ............................... (310) (746) 41
Earnings Before Income Taxes ............................ 178,405 138,783 154,595
Income Tax Expense .................................... 65,297 52,225 57,359
Net Earnings ........................................... 113,108 86,558 97,236
Less: Net Earnings Attributable to Noncontrolling Interest ...... 1,067 594 484
Net Earnings Attributable to Ruddick Corporation ......... $ 112,041 $ 85,964 $ 96,752
Earnings Per Share Attributable to Ruddick Corporation:
Basic ............................................... $ 2.32 $ 1.79 $ 2.02
Diluted ............................................. $ 2.31 $ 1.78 $ 2.00
Weighted Average Number of Shares of Common
Stock Outstanding:
Basic ............................................... 48,215 47,964 47,824
Diluted ............................................. 48,600 48,337 48,295
See Notes to Consolidated Financial Statements
32