EX-99.2 3 a08-8684_1ex99d2.htm EX-99.2

Exhibit 99.2

 

New York & Company, Inc. and Subsidiaries
Schedule of Consolidating Statements of Operations
- Fiscal Year 2007
(amounts in thousands, except per share amounts) -

(Unaudited)

 

 

 

Three Months Ended May 5, 2007

 

Three Months Ended August 4, 2007

 

Three Months Ended November 3, 2007

 

Three Months Ended February 2, 2008

 

Twelve Months Ended February 2, 2008

 

 

 

New York 
&

 

 

 

Consolidated

 

New York 
&

 

 

 

Consolidated

 

New York 
&

 

 

 

Consolidated

 

New York 
&

 

 

 

Consolidated

 

New York 
&

 

 

 

Consolidated

 

 

 

Company

 

JasmineSola

 

Company

 

Company

 

JasmineSola

 

Company

 

Company

 

JasmineSola

 

Company

 

Company

 

JasmineSola

 

Company

 

Company

 

JasmineSola

 

Company

 

Net sales

 

$274,186

 

$9,776

 

$283,962

 

$284,966

 

$9,436

 

$294,402

 

$276,379

 

$10,601

 

$286,980

 

$359,413

 

$13,414

 

$372,827

 

$1,194,944

 

$43,227

 

$1,238,171

 

Cost of goods sold, buying and occupancy costs

 

194,743

 

10,776

 

205,519

 

206,275

 

9,296

 

215,571

 

194,263

 

8,066

 

202,329

 

256,458

 

16,796

 

273,254

 

851,739

 

44,934

 

896,673

 

Gross profit

 

79,443

 

(1,000

)

78,443

 

78,691

 

140

 

78,831

 

82,116

 

2,535

 

84,651

 

102,955

 

(3,382

)

99,573

 

343,205

 

(1,707

)

341,498

 

Selling, general and administrative expenses

 

70,525

 

6,317

 

76,842

 

70,051

 

2,708

 

72,759

 

73,758

 

2,941

 

76,699

 

83,991

 

3,190

 

87,181

 

298,325

 

15,156

 

313,481

 

Loss from impairment charges related to JasmineSola

 

 

 

 

 

 

 

 

35,249

 

35,249

 

 

 

 

 

35,249

 

35,249

 

Operating income (loss)

 

8,918

 

(7,317

)

1,601

 

8,640

 

(2,568

)

6,072

 

8,358

 

(35,655

)

(27,297

)

18,964

 

(6,572

)

12,392

 

44,880

 

(52,112

)

(7,232

)

Interest expense, net

 

261

 

 

261

 

219

 

 

219

 

437

 

 

437

 

283

 

 

283

 

1,200

 

 

1,200

 

Income (loss) before income taxes

 

8,657

 

(7,317

)

1,340

 

8,421

 

(2,568

)

5,853

 

7,921

 

(35,655

)

(27,734

)

18,681

 

(6,572

)

12,109

 

43,680

 

(52,112

)

(8,432

)

Income tax provision (benefit)

 

3,480

 

(2,942

)

538

 

3,385

 

(1,031

)

2,354

 

2,630

 

(14,334

)

(11,704

)

7,509

 

(2,272

)

5,237

 

17,004

 

(20,579

)

(3,575

)

Net income (loss)

 

$5,177

 

$(4,375

)

$802

 

$5,036

 

$(1,537

)

$3,499

 

$5,291

 

$(21,321

)

$(16,030

)

$11,172

 

$(4,300

)

$6,872

 

$26,676

 

$(31,533

)

$(4,857

)

Basic earnings (loss) per share

 

$0.09

 

$(0.08

)

$0.01

 

$0.09

 

$(0.03

)

$0.06

 

$0.09

 

$(0.36

)

$(0.27

)

$0.19

 

$(0.07

)

$0.12

 

$0.46

 

$(0.54

)

$(0.08

)

Diluted earnings (loss) per share

 

$0.08

 

$(0.07

)

$0.01

 

$0.08

 

$(0.02

)

$0.06

 

$0.09

 

$(0.35

)

$(0.26

)

$0.18

 

$(0.07

)

$0.11

 

$0.44

 

$(0.52

)

$(0.08

)

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares of common stock

 

57,805

 

57,805

 

57,805

 

58,262

 

58,262

 

58,262

 

58,845

 

58,845

 

58,845

 

59,237

 

59,237

 

59,237

 

58,537

 

58,537

 

58,537

 

Diluted shares of common stock

 

60,869

 

60,869

 

60,869

 

60,954

 

60,954

 

60,954

 

61,074

 

61,074

 

61,074

 

61,214

 

61,214

 

61,214

 

61,028

 

61,028

 

61,028

 

As a percentage of net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

Cost of goods sold, buying and occupancy costs

 

71.0

%

110.2

%

72.4

%

72.4

%

98.5

%

73.2

%

70.3

%

76.1

%

70.5

%

71.4

%

125.2

%

73.3

%

71.3

%

103.9

%

72.4

%

Gross profit

 

29.0

%

(10.2

%)

27.6

%

27.6

%

1.5

%

26.8

%

29.7

%

23.9

%

29.5

%

28.6

%

(25.2

%)

26.7

%

28.7

%

(3.9

%)

27.6

%

Selling, general and administrative expenses

 

25.7

%

64.6

%

27.0

%

24.6

%

28.7

%

24.7

%

26.7

%

27.7

%

26.7

%

23.3

%

23.8

%

23.4

%

24.9

%

35.1

%

25.3

%

Loss from impairment charges related to JasmineSola

 

%

%

%

%

%

%

%

332.5

%

12.3

%

%

%

%

%

81.6

%

2.9

%

Operating income (loss)

 

3.3

%

(74.8

%)

0.6

%

3.0

%

(27.2

%)

2.1

%

3.0

%

(336.3

%)

(9.5

%)

5.3

%

(49.0

%)

3.3

%

3.8

%

(120.6

%)

(0.6

%)

Interest expense, net

 

0.1

%

%

0.1

%

0.1

%

%

0.1

%

0.2

%

%

0.2

%

0.1

%

%

0.1

%

0.1

%

%

0.1

%

Income (loss) before income taxes

 

3.2

%

(74.8

%)

0.5

%

2.9

%

(27.2

%)

2.0

%

2.8

%

(336.3

%)

(9.7

%)

5.2

%

(49.0

%)

3.2

%

3.7

%

(120.6

%)

(0.7

%)

Income tax provision (benefit)

 

1.3

%

(30.0

%)

0.2

%

1.1

%

(10.9

%)

0.8

%

0.9

%

(135.2

%)

(4.1

%)

2.1

%

(16.9

%)

1.4

%

1.5

%

(47.7

%)

(0.3

%)

Net income (loss)

 

1.9

%

(44.8

%)

0.3

%

1.8

%

(16.3

%)

1.2

%

1.9

%

(201.1

%)

(5.6

%)

3.1

%

(32.1

%)

1.8

%

2.2

%

(72.9

%)

(0.4

%)