Hibbett Sports 2012 Annual Report Download - page 38

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34
HIBBETT SPORTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share information)
January 28, 2012 January 29, 2011 January 30, 2010
Net sales 732,645$ 664,954$ 593,492$
Cost of goods sold, including distribution
center and store occupancy costs 470,237 434,552 397,292
Gross profit 262,408 230,402 196,200
Store operating, selling and administrative
expenses 155,672 143,232 129,888
Depreciation and amortization 13,205 13,623 13,905
Operating income 93,531 73,547 52,407
Interest income (25) (42) (60)
Interest expense 242 147 117
Interest expense, net 217 105 57
Income before provision for income taxes 93,314 73,442 52,350
Provision for income taxes 34,254 27,042 19,801
Net income 59,060$ 46,400$ 32,549$
Basic earnings per share 2.19$ 1.63$ 1.14$
Diluted earnings per share 2.15$ 1.60$ 1.12$
Weighted average shares outstanding:
Basic 26,978 28,426 28,629
Diluted 27,506 29,033 29,089
Fiscal Year Ended
See accompanying notes to consolidated financial statements.