Hibbett Sports 2010 Annual Report Download - page 36

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32
HIBBETT SPORTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share information)
January 30, 2010
(52 weeks)
January 31, 2009
(52 weeks)
February 2, 2008
(52 weeks)
Net sales 593,492$ 564,188$ 520,720$
Cost of goods sold, including distribution
center and store occupancy costs 397,292 378,817 351,876
Gross profit 196,200 185,371 168,844
Store operating, selling and administrative
expenses 129,888 123,075 108,463
Depreciation and amortization 13,905 14,324 12,154
Operating income 52,407 47,972 48,227
Interest income 60 41 582
Interest expense (117) (660) (151)
Interest (expense) income, net (57) (619) 431
Income before provision for income taxes 52,350 47,353 48,658
Provision for income taxes 19,801 17,905 18,329
Net income 32,549$ 29,448$ 30,329$
Basic earnings per share 1.14$ 1.03$ 0.98$
Diluted earnings per share 1.12$ 1.02$ 0.96$
Weighted average shares outstanding:
Basic 28,629 28,547 31,049
Diluted 29,089 28,954 31,525
Fiscal Year Ended
See accompanying notes to consolidated financial statements.