Pier 1 2015 Annual Report Download - page 61

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 9 — SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Summarized quarterly financial data for the years ended February 28, 2015 and March 1, 2014 are set forth below (in thousands
except per share amounts):
Three Months Ended
Fiscal 2015 5/31/2014 8/30/2014 11/29/2014 2/28/2015
Net sales $419,059 $418,622 $484,501 $543,600
Gross profit 167,714 162,637 204,913 214,442
Operating income 25,830 16,529 31,770 53,142
Net income 15,055 9,158 17,860 33,089
Average shares outstanding — basic 94,656 91,503 89,741 88,426
Average shares outstanding — diluted 95,925 92,531 90,635 89,421
Basic earnings per share 0.16 0.10 0.20 0.37
Diluted earnings per share 0.16 0.10 0.20 0.37
Three Months Ended
Fiscal 2014 6/1/2013 8/31/2013 11/30/2013 3/1/2014
Net sales $394,853 $395,641 $465,462 $515,786
Gross profit 167,597 161,299 202,230 214,436
Operating income 33,215 29,061 43,094 70,130
Net income 20,347 17,834 26,758 42,592
Average shares outstanding — basic 105,989 105,745 103,319 101,430
Average shares outstanding — diluted 107,790 107,249 104,716 103,024
Basic earnings per share 0.19 0.17 0.26 0.42
Diluted earnings per share 0.19 0.17 0.26 0.41
PIER 1 IMPORTS, INC. 2015 Form 10-K 55