Stein Mart 2015 Annual Report Download - page 28

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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
January 30, 2016 January 31, 2015 February 1, 2014
Net sales 1,359,901$ 1,317,677$ 1,263,571$
Cost of merchandise sold 974,614 930,941 896,218
Gross profit 385,287 386,736 367,353
Selling, general and administrative expenses 343,724 342,027 326,520
Operating income 41,563 44,709 40,833
Interest expense, net 3,283 266 265
Income before income taxes 38,280 44,443 40,568
Income tax expense 14,569 17,537 15,013
Net income 23,711$ 26,906$ 25,555$
Net income per share:
Basic 0.52$ 0.60$ 0.58$
Diluted 0.51$ 0.59$ 0.57$
Weighted-average shares outstanding:
Basic 44,754 43,850 43,053
Diluted 45,953 44,749 43,778