Petsmart 2005 Annual Report Download - page 88

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(1) The following is a summary of the effects of the adoption of SFAS No. 123(R) and reclassifications:
As Previously
Reported Adjustments
As Currently
Reported
Gross profit ................................... $303,009 $ 2,357 $305,366
Operating income .............................. 112,478 (6,237) 106,241
Income before income tax expense .................. 107,795 (6,238) 101,557
Net income ................................... 68,627 (3,634) 64,993
Basic earnings per common share .................. $ 0.47 $ (0.02) $ 0.45
Diluted earnings per common share ................. $ 0.46 $ (0.03) $ 0.43
Note 19 — Subsequent Events
On March 28, 2006, the Board of Directors declared a quarterly cash dividend of $0.03 per share, payable on
May 12, 2006 to stockholders of record on April 28, 2006.
F-29
PetSmart, Inc. and Subsidiaries
Notes to Consolidated Financial Statements — (Continued)