Hibbett Sports 2012 Annual Report Download - page 24

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20
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 28, January 29, January 30, January 31, February 2,
2012 2011 2010 2009 2008
Income Statement Data:
Net sales 732,645$ 664,954$ 593,492$ 564,188$ 520,720$
Cost of goods sold, including distribution center
and store occupancy costs 470,237 434,552 397,292 378,817 351,876
Gross profit 262,408 230,402 196,200 185,371 168,844
Store operating, selling and administrative
expenses 155,672 143,232 129,888 123,075 108,463
Depreciation and amortization 13,205 13,623 13,905 14,324 12,154
Operating income 93,531 73,547 52,407 47,972 48,227
Interest income (25) (42) (60) (41) (582)
Interest expense 242 147 117 660 151
Interest expense (income), net 217 105 57 619 (431)
Income before provision for income taxes 93,314 73,442 52,350 47,353 48,658
Provision for income taxes 34,254 27,042 19,801 17,905 18,329
Net income 59,060$ 46,400$ 32,549$ 29,448$ 30,329$
Earnings per common share:
Basic 2.19$ 1.63$ 1.14$ 1.03$ 0.98$
Diluted 2.15$ 1.60$ 1.12$ 1.02$ 0.96$
Weighted average shares outstanding:
Basic 26,978 28,426 28,629 28,547 31,049
Diluted 27,506 29,033 29,089 28,954 31,525
Balance Sheet Data:
Working capital 177,115$ 175,007$ 147,583$ 107,055$ 89,383$
Total assets 313,696$ 314,265$ 276,704$ 235,087$ 216,734$
Long-term capital lease obligations 2,072$ 2,245$ 152$ -$ -$
Stockholders' investment 203,750$ 200,088$ 175,079$ 136,575$ 119,055$
Selected Operating Data:
Number of stores open at end of period:
Hibbett Sports 812 779 747 723 666
Sports & Co. 1 3 4 4 4
Sports Additions 19 16 16 18 18
Total 832 798 767 745 688
Fiscal Year Ended
(In thousands, except per share amounts and Selected Operating Data)
Note: No dividends have been declared or paid.