Hibbett Sports 2010 Annual Report Download - page 22

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18
Item 6. Selected Consolidated Financial Data.
The following selected consolidated financial data has been derived from the consolidated financial statements
of the Company. The data set forth below should be read in conjunction with “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” and our “Consolidated Financial Statements and Supplementary
Data” and “Notes to Consolidated Financial Statements” thereto.
January 30, January 31, February 2, February 3, January 28,
2010 2009 2008 2007 2006
(52 weeks) (52 weeks) (52 weeks) (53 weeks) (52 weeks)
Income Statement Data:
Net sales 593,492$ 564,188$ 520,720$ 512,094$ 440,269$
Cost of goods sold, including distribution center
and store occupancy costs 397,292 378,817 351,876 338,963 293,368
Gross profit 196,200 185,371 168,844 173,131 146,901
Store operating, selling and administrative
expenses 129,888 123,075 108,463 100,461 85,060
Depreciation and amortization 13,905 14,324 12,154 10,932 10,119
Operating income 52,407 47,972 48,227 61,738 51,722
Interest income 60 41 582 906 1,170
Interest expense (117) (660) (151) (30) (24)
Interest (expense) income, net (57) (619) 431 876 1,146
Income before provision for income taxes 52,350 47,353 48,658 62,614 52,868
Provision for income taxes 19,801 17,905 18,329 24,541 19,244
Net income 32,549$ 29,448$ 30,329$ 38,073$ 33,624$
Earnings per common share:
Basic 1.14$ 1.03$ 0.98$ 1.19$ 1.00$
Diluted 1.12$ 1.02$ 0.96$ 1.17$ 0.98
$
Weighted average shares outstanding:
Basic 28,629 28,547 31,049 32,094 33,606
Diluted 29,089 28,954 31,525 32,620 34,393
Balance Sheet Data:
Working capital 147,583$ 107,055$ 89,383$ 106,428$ 98,623$
Total assets 276,704 235,087 216,734 212,853 195,829
Long-term debt and obligations under capital
lease 152 - - - -
Stockholders' investment 175,079 136,575 119,055 136,641 124,773
Selected Operating Data:
Number of stores open at end of period:
Hibbett Sports 747 723 666 593 527
Sports & Co. 4 4 4 4 4
Sports Additions 16 18 18 16 18
Total 767 745 688 613 549
Fiscal Year Ended
(In thousands, except per share amounts and Selected Operating Data)
Note: No dividends have been declared or paid.