Lululemon 2010 Annual Report Download - page 58

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Table of Contents
lululemon athletica inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
See accompanying notes to the consolidated financial statements
53
Fiscal Year Ended
January 30,
January 31,
February 1,
2011
2010
2009
(Amounts in thousands,
except per share amounts)
Net revenue
$
711,704
$
452,898
$
353,488
Cost of goods sold
316,757
229,812
174,421
Gross profit
394,947
223,086
179,067
Operating expenses:
Selling, general and administrative expenses
212,784
136,161
118,098
Provision for impairment and lease exit costs
1,772
379
4,405
Income from operations
180,391
86,546
56,564
Other income (expense), net
2,886
164
821
Income before provision for income taxes
183,277
86,710
57,385
Provision for income taxes
61,080
28,429
16,884
Net income from continuing operations
122,197
58,281
40,501
Net income attributable to non
-
controlling interest
350
—
—
Net loss from discontinued operations
—
—
(
1,138
)
Net income attributable to lululemon athletica inc.
$
121,847
$
58,281
$
39,363
Basic earnings (loss) per share
Continuing operations
$
1.72
$
0.83
$
0.59
Discontinued operations
—
—
(
0.02
)
Net basic earnings per share
$
1.72
$
0.83
$
0.57
Diluted earnings (loss) per share
Continuing operations
$
1.69
$
0.82
$
0.57
Discontinued operations
—
—
(
0.02
)
Net diluted earnings per share
$
1.69
$
0.82
$
0.55
Basic weighted
-
average number of shares outstanding
70,860
70,251
68,711
Diluted weighted
-
average number of shares outstanding
71,929
70,949
70,942