Rue 21 2011 Annual Report Download - page 28

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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.
Fiscal Year Ended
January 28,
2012
January 29,
2011
January 30,
2010
January 31,
2009
February 2,
2008
(in thousands, except per share and operating data)
Consolidated Statement of Income Data
Net sales ..................................... $760,302 $634,728 $525,600 $391,414 $296,887
Cost of goods sold .............................. 473,662 399,896 337,693 257,853 195,034
Gross profit ................................... 286,640 234,832 187,907 133,561 101,853
Selling, general and administrative expense .......... 197,176 163,006 134,078 99,886 76,039
Depreciation and amortization expense ............. 26,618 21,980 16,994 11,624 8,323
Income from operations ......................... 62,846 49,846 36,835 22,051 17,491
Interest (Income) expense, net .................... (9) 74 436 1,385 2,438
Provision for income taxes ....................... 23,905 19,528 14,382 8,027 5,920
Net income ................................... $ 38,950 $ 30,244 $ 22,017 $ 12,639 $ 9,133
Net income per common share
Basic .................................... $ 1.60 $ 1.25 $ 0.99 $ 0.58 $ 0.42
Diluted ................................... $ 1.55 $ 1.21 $ 0.96 $ 0.55 $ 0.40
Weighted average common shares outstanding
Basic .................................... 24,417 24,277 22,267 21,914 21,705
Diluted ................................... 25,051 25,002 23,037 22,814 22,842
Operating Data (unaudited):
Comparable store sales change ................ 0.4% 2.1% 7.8% 3.7% 7.8%
Number of stores open at end of period ......... 755 638 535 449 352
Total gross square feet end of period (in
thousands) .............................. 3,708 2,989 2,390 1,949 1,448
Store conversions during period ............... 38 31 26 21 20
Capital expenditures (in thousands) ............ $ 53,552 $ 40,480 $ 33,630 $ 26,464 $ 20,265
As of
January 28, January 29, January 30, January 31, February 2,
2012 2011 2010 2009 2008
(in thousands)
Consolidated Balance Sheet Data
Cash, cash equivalents and short-term Investments . . $ 71,960 $ 50,111 $ 26,751 $ 4,611 $ 3,343
Working capital .............................. 86,981 49,723 21,604 798 3,946
Total assets ................................. 348,022 260,343 188,273 140,659 102,055
Total long-term debt .......................... — — — 19,476 27,968
Stockholders’ equity .......................... 147,223 102,129 67,448 18,393 5,753
Cash Flow Data
Cash from operations ......................... $ 74,200 $ 61,643 $ 48,779 $ 36,589 $ 21,512
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