Pier 1 2009 Annual Report Download - page 65

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 6—CONDENSED FINANCIAL STATEMENTS (Continued)
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Year Ended March 3, 2007
(in thousands)
Non-
Pier 1 Guarantor Guarantor
Imports, Inc. Subsidiaries Subsidiaries Eliminations Total
Net sales ...................... $ — $1,615,951 $42,780 $(35,515) $1,623,216
Cost of sales (including buying and
store occupancy costs) ......... — 1,145,765 39,114 (35,622) 1,149,257
Selling, general and administrative
(including depreciation and
amortization) ................ 1,585 697,075 1,529 — 700,189
Operating income (loss) ......... (1,585) (226,889) 2,137 107 (226,230)
Nonoperating (income) expenses ..... (3,660) 6,251 (698) — 1,893
Income (loss) from continuing
operations before income taxes . . . 2,075 (233,140) 2,835 107 (228,123)
Provision (benefit) for income taxes . . — (1,101) 216 — (885)
Net income (loss) from continuing
operations .................. 2,075 (232,039) 2,619 107 (227,238)
Net income (loss) from subsidiaries . (229,827) 2,212 — 227,615 —
Discontinued operations:
Loss from discontinued operations . . — — (638) — (638)
Benefit for income taxes ......... — — (231) — (231)
Net loss from discontinued
operations ................ — — (407) — (407)
Net income (loss) ................ $(227,752) $ (229,827) $ 2,212 $227,722 $ (227,645)
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