Hibbett Sports 2011 Annual Report Download - page 37

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33
HIBBETT SPORTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share information)
January 29, 2011
(52 weeks)
January 30, 2010
(52 weeks)
January 31, 2009
(52 weeks)
Net sales 664,954$ 593,492$ 564,188$
Cost of goods sold, including distribution
center and store occupancy costs 434,552 397,292 378,817
Gross profit 230,402 196,200 185,371
Store operating, selling and administrative
expenses 143,232 129,888 123,075
Depreciation and amortization 13,623 13,905 14,324
Operating income 73,547 52,407 47,972
Interest income 42 60 41
Interest expense (147) (117) (660)
Interest expense, net (105) (57) (619)
Income before provision for income taxes 73,442 52,350 47,353
Provision for income taxes 27,042 19,801 17,905
Net income 46,400$ 32,549$ 29,448$
Basic earnings per share 1.63$ 1.14$ 1.03$
Diluted earnings per share 1.60$ 1.12$ 1.02$
Weighted average shares outstanding:
Basic 28,426 28,629 28,547
Diluted 29,033 29,089 28,954
Fiscal Year Ended
See accompanying notes to consolidated financial statements.