Restoration Hardware 2014 Annual Report Download - page 76

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RESTORATION HARDWARE HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
Year Ended
January 31,
2015
February 1,
2014
February 2,
2013
Net revenues $ 1,867,422 $ 1,550,961 $1,193,046
Cost of goods sold 1,176,648 994,081 756,597
Gross profit 690,774 556,880 436,449
Selling, general and administrative expenses 525,048 502,029 505,485
Income (loss) from operations 165,726 54,851 (69,036)
Interest expense 17,551 5,733 5,776
Income (loss) before income taxes 148,175 49,118 (74,812)
Income tax expense (benefit) 57,173 30,923 (62,023)
Net income (loss) $ 91,002 $ 18,195 $ (12,789)
Weighted-average shares used in computing basic net income (loss)
per share 39,457,491 38,671,564 9,428,828
Basic net income (loss) per share $ 2.31 $ 0.47 $ (1.36)
Weighted-average shares used in computing diluted net income (loss)
per share 41,378,210 40,416,630 9,428,828
Diluted net income (loss) per share $ 2.20 $ 0.45 $ (1.36)
The accompanying notes are an integral part of these Consolidated Financial Statements.
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