Rue 21 2010 Annual Report Download - page 34

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Item 6. Selected Consolidated Financial Data.
The following selected financial data are derived from the Consolidated Financial Statements of the Company. We
have also included certain non-financial operating data to enhance your understanding of our business. The data set forth
below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” in Item 7 and the Company’s Consolidated Financial Statements and related notes herein. The historical
results presented below are not necessarily indicative of results of operations to be expected for any future period.
January 29,
2011
January 30,
2010
January 31,
2009
February 2,
2008
February 3,
2007
Fiscal Year Ended
(In thousands, except per share and operating data)
Consolidated Statement of Income Data
Net sales .......................... $634,728 $525,600 $391,414 $296,887 $225,559
Cost of goods sold ................... 399,896 337,693 257,853 195,034 150,163
Gross profit ........................ 234,832 187,907 133,561 101,853 75,396
Selling, general and administrative
expense ......................... 163,006 134,078 99,886 76,039 57,575
Depreciation and amortization expense .... 21,852 16,898 11,532 8,241 5,926
Income from operations ............... 49,974 36,931 22,143 17,573 11,895
Interest expense, net .................. 202 532 1,477 2,520 2,645
Provision for income taxes ............. 19,528 14,382 8,027 5,920 1,452
Net income ........................ $ 30,244 $ 22,017 $ 12,639 $ 9,133 $ 7,798
Net income per common share
Basic . .......................... $ 1.25 $ 0.99 $ 0.58 $ 0.42 $ 0.39
Diluted .......................... $ 1.21 $ 0.96 $ 0.55 $ 0.40 $ 0.36
Weighted average common shares
outstanding
Basic . .......................... 24,277 22,267 21,914 21,705 19,782
Diluted .......................... 25,002 23,037 22,814 22,842 21,888
Operating Data (unaudited):
Comparable store sales change ........ 2.1% 7.8% 3.7% 7.8% (4.7)%
Number of stores open at end of period . . 638 535 449 352 278
Total gross square feet end of period (in
thousands) ..................... 2,989 2,390 1,949 1,448 1,095
Store conversions during period........ 31 26 21 20 18
Capital expenditures (in thousands) ..... $ 40,480 $ 33,630 $ 26,464 $ 20,265 $ 16,586
January 29,
2011
January 30,
2010
January 31,
2009
February 2,
2008
February 3,
2007
As of
(In thousands)
Consolidated Balance Sheet Data
Cash and cash equivalents ............. $ 50,111 $ 26,751 $ 4,611 $ 3,343 $ 2,525
Working capital (deficit) ............... 49,723 21,604 798 3,946 (622)
Total assets ........................ 260,791 188,431 141,200 102,285 79,092
Total long-term debt .................. — — 19,476 27,968 23,317
Stockholders’ equity (deficit) ........... 102,129 67,448 18,393 5,753 (3,537)
Cash Flow Data
Cash from operations ................. $ 61,643 $ 48,779 $ 36,589 $ 21,512 $17,480
30