Rue 21 2011 Annual Report Download - page 59

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rue21, inc. and subsidiary
Notes to Consolidated Financial Statements — (continued)
At January 28, 2012, funds advised by Apax owned approximately 29% of the Company’s outstanding
common stock.
Note 11 — Selected Quarterly Financial Data (Unaudited)
The following table sets forth certain unaudited quarterly financial information (in thousands, except share and
per share amounts):
Thirteen Weeks Ended
April 30,
2011
July 30,
2011
October 29,
2011
January 28,
2012
Fiscal Year 2011
Net Sales .................................. $172,875 $172,770 $194,761 $219,896
Gross profit ................................ 67,246 67,629 71,400 80,365
Net income ................................. 9,619 7,669 8,741 12,921
Basic income per common share ................ 0.39 0.31 0.36 0.53
Diluted income per common share .............. 0.38 0.31 0.35 0.52
Weighted average basic common shares
outstanding ............................... 24,383 24,415 24,461 24,467
Weighted average diluted common shares
outstanding ............................... 25,063 25,080 25,066 25,054
Thirteen Weeks Ended
May 1,
2010
July 31,
2010
October 30,
2010
January 29,
2011
Fiscal Year 2010
Net Sales .................................. $137,772 $142,950 $163,913 $190,093
Gross profit ................................ 52,231 54,544 60,053 68,004
Net income ................................. 5,821 6,391 7,143 10,889
Basic income per common share ................ 0.24 0.26 0.29 0.45
Diluted income per common share .............. 0.23 0.26 0.29 0.44
Weighted average basic common shares
outstanding ............................... 24,248 24,277 24,310 24,335
Weighted average diluted common shares
outstanding ............................... 25,044 25,044 24,972 25,029
Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 9A. Controls and Procedures.
Evaluation of Disclosure Controls and Procedures
Our management has evaluated, under the supervision and with the participation of our Chief Executive Officer
and Chief Financial Officer, the effectiveness of our disclosure controls and procedures, as defined in Rule 13(a)-
15(e), as of the end of the period covered by this Annual Report on Form 10-K pursuant to Rule 13a-15(b) under the
Exchange Act. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded
that our disclosure controls and procedures as of the end of the period covered by this Annual Report on Form 10-K
are effective in ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded,
processed, summarized and reported in a timely manner and (2) accumulated and communicated to our
management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely
decisions regarding required disclosure.
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