Ross 2006 Annual Report Download - page 44

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26
Item 8. Financial Statements and Supplementary Data.
Consolidated Statements of Earnings
Year ended Year ended Year ended
($000, except per share data) February 3, 2007 January 28, 2006 January 29, 2005
Sales $ 5,570,210 $ 4,944,179 $ 4,239,990
Costs and expenses
Cost of goods sold 4,317,527 3,852,591 3,286,604
Selling, general and administrative 863,033 766,144 657,668
Impairment of long-lived assets − − 15,818
Interest (income) expense, net (8,627) (2,898) 915
Total costs and expenses 5,171,933 4,615,837 3,961,005
Earnings before taxes 398,277 328,342 278,985
Provision for taxes on earnings 156,643 128,710 109,083
Net earnings $ 241,634 $ 199,632 $ 169,902
Earnings per share
Basic $ 1.73 $ 1.38 $ 1.15
Diluted $ 1.70 $ 1.36 $ 1.13
Weighted average shares outstanding (000)
Basic 139,488 144,325 147,468
Diluted 141,883 146,532 150,380
Dividends
Cash dividends declared per share $ .255 $ .220 $ .178
The accompanying notes are an integral part of these consolidated financial statements.