Stein Mart 2011 Annual Report Download - page 30

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Table of Contents
Stein Mart, Inc.
Consolidated Statements of Income
(In thousands, except for per share amounts)
The accompanying notes are an integral part of these consolidated financial statements.
F
-
3
Year Ended
January 28, 2012
Year Ended
January 29, 2011
Year Ended
January 30, 2010
Net sales
$
1,160,367
$
1,181,510
$
1,219,109
Cost of merchandise sold
863,003
869,202
888,752
Gross profit
297,364
312,308
330,357
Selling, general and administrative expenses
289,114
288,208
313,703
Other income, net
24,007
29,430
18,405
Operating income
32,257
53,530
35,059
Interest expense, net
(286
)
(338
)
(650
)
Income before income taxes
31,971
53,192
34,409
Income tax provision
(12,143
)
(4,439
)
(10,856
)
Net income
$
19,828
$
48,753
$
23,553
Net income per share:
Basic
$
0.44
$
1.10
$
0.55
Diluted
$
0.44
$
1.08
$
0.54
Weighted
-
average shares outstanding:
Basic
43,482
42,780
41,822
Diluted
43,721
43,592
43,082