Sally Beauty Supply 2011 Annual Report Download - page 50

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impact of $21.3 million, including a $27.0 million credit from a litigation settlement and certain non-recurring
charges of $5.7 million.
(b) The fiscal year 2007 includes one-time charges associated with the Separation Transactions. Please see Note 1 of
the ‘‘Notes to Consolidated Financial Statements’’ in ‘‘Item 8—Financial Statements and Supplementary Data’’
for additional information about the Separation Transactions.
(c) Long-term debt primarily represents debt incurred in connection with the Separation Transactions and interest
expense is related mainly to such indebtedness.
(d) Weighted average shares for the fiscal year 2007 were calculated from November 17, 2006 through September 30,
2007, which represents the actual number of days that shares of the Company’s common stock were publicly
traded.
(e) Same stores are defined as company-operated stores that have been open for at least 14 months as of the last day
of a month. Our same store sales are calculated in constant dollars and include internet-based sales (beginning in
fiscal year 2009) and store expansions, if applicable, but do not generally include the sales from stores relocated
until at least 14 months after the relocation. The sales from stores acquired are excluded from our same store
sales calculation until at least 14 months after the acquisition.
We have not declared or paid dividends at any time during the last two fiscal years prior to the date of this
Annual Report. We do not currently anticipate paying regular cash dividends on our common stock. We
currently anticipate that we will retain future earnings to support our growth strategy or to repay
outstanding debt.
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