Stein Mart 2012 Annual Report Download - page 32

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The accompanying notes are an integral part of these consolidated financial statements.
F-4
Stein Mart, Inc.
Consolidated Statements of Income
(In thousands, except for per share amounts)
Year Ended Year Ended Year Ended
February 2, 2013 January 28, 2012 January 29, 2011
(Restated) (1) (Restated) (1)
Net sales 1,232,366$ 1,177,951$ 1,201,081$
Cost of merchandise sold 889,736 858,335 868,415
Gross profit 342,630 319,616 332,666
Selling, general and administrative expenses 306,407 287,184 277,330
Operating income 36,223 32,432 55,336
Interest expense, net 225 286 338
Income before income taxes 35,998 32,146 54,998
Income tax expense (benefit) 10,971 12,215 (1,688)
Net income 25,027$ 19,931$ 56,686$
Net income per share:
Basic 0.57$ 0.45$ 1.28$
Diluted 0.57$ 0.44$ 1.26$
Weighted-average shares outstanding:
Basic 42,639 43,482 42,780
Diluted 42,828 43,721 43,592
(1) As described in Note 2 to these Consolidated Financial Statements, we have restated the Consolidated Financial Statements.