O'Reilly Auto Parts 2011 Annual Report Download - page 83

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1
ted
73
common stock. If a person or group acquires beneficial ownership above the threshold established in the Rights Agreement of the
Company's common stock, each Right (other than Rights held by the acquirer) will, unless the Rights are redeemed by the Company,
become exercisable upon payment of the exercise price of $160 for an amount of common stock of the Company having a market
value of twice the exercise price of the Right.
NOTE 17—QUARTERLY RESULTS (Unaudited)
The following table sets forth certain quarterly unaudited operating data for the fiscal years ended December 31, 2011 and 2010. The
unaudited quarterly information includes all adjustments, which the Company considers necessary for a fair presentation of the
information shown:
Sales $ 1,382,738 $ 1,479,318 $ 1,535,453 $ 1,391,307
Gross profit 669,781 718,661 754,210 694,697
Former CSK officer clawback - - - (2,798)
Operating income 196,437 222,368 241,050 206,911
Write-off of debt issuance costs (21,626) - - -
Termination of interest rate swap agreements (4,237) - - -
Net income 102,474 133,772 148,439 122,988
Earnings per share – basic $ 0.73 $ 0.97 $ 1.12 $ 0.96
Earnings per share – assuming dilution $ 0.72 $ 0.96 $ 1.10 $ 0.94
Sales $ 1,280,067 $ 1,381,241 $ 1,425,887 $ 1,310,330
Gross profit 618,347 672,633 693,415 636,597
Legacy CSK DOJ investigation charge - 15,000 5,900 -
Operating income 168,445 181,164 199,031 164,136
Gain on settlement of note receivable - - - 11,639
Net income 97,476 99,595 116,542 105,760
Earnings per share – basic $ 0.71 $ 0.72 $ 0.84 $ 0.76
Earnings per share – assuming dilution $ 0.70 $ 0.71 $ 0.82 $ 0.74
Quarter
Quarter
Quarter
Quarter
Fiscal 2011
First
Second
Third
Fourth
(In thousands, except per share data)
Fiscal 2010
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
(In thousands, except per share data)
The unaudited operating data presented above should be read in conjunction with the Company’s consolidated financial statements
and related notes, and the other financial information included therein.
FORM 10-K