Pier 1 2009 Annual Report Download - page 64

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 6—CONDENSED FINANCIAL STATEMENTS (Continued)
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Year Ended March 1, 2008
(in thousands)
Non-
Pier 1 Guarantor Guarantor
Imports, Inc. Subsidiaries Subsidiaries Eliminations Total
Net sales ...................... $ — $1,505,011 $38,155 $(31,334) $1,511,832
Cost of sales (including buying and
store occupancy costs) ......... — 1,068,371 35,466 (31,557) 1,072,280
Selling, general and administrative
(including depreciation and
amortization) ................ 1,829 525,279 582 — 527,690
Operating income (loss) ......... (1,829) (88,639) 2,107 223 (88,138)
Nonoperating (income) expenses ..... (2,106) 7,999 (614) — 5,279
Income (loss) from continuing
operations before income taxes . . . 277 (96,638) 2,721 223 (93,417)
Provision for income taxes ......... — 2,380 214 — 2,594
Net income (loss) from continuing
operations .................. 277 (99,018) 2,507 223 (96,011)
Net income (loss) from subsidiaries . (96,511) 2,507 — 94,004 —
Net income (loss) ................ $(96,234) $ (96,511) $ 2,507 $ 94,227 $ (96,011)
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