EX-99.3 4 a08-8684_1ex99d3.htm EX-99.3

Exhibit 99.3

New York & Company, Inc. and Subsidiaries
Schedule of Consolidating Statements of Operations
- Fiscal Year 2006
(amounts in thousands, except per share amounts) -

(Unaudited)

 

 

Three Months Ended April 29, 2006

 

Three Months Ended July 29, 2006

 

Three Months Ended October 28, 2006

 

Three Months Ended February 3, 2007

 

Twelve Months Ended February 3, 2007

 

 

 

New York &
Company

 

JasmineSola

 

Consolidated
Company

 

New York &
Company

 

JasmineSola

 

Consolidated
Company

 

New York &

Company

 

JasmineSola

 

Consolidated
Company

 

New York &
Company

 

JasmineSola

 

Consolidated
Company

 

New York &
Company

 

JasmineSola

 

Consolidated
Company

 

Net sales

 

$259,015

 

$8,122

 

$267,137

 

$256,993

 

$7,865

 

$264,858

 

$260,007

 

$10,915

 

$270,922

 

$377,318

 

$12,958

 

$390,276

 

$1,153,333

 

$39,860

 

$1,193,193

 

Cost of goods sold, buying and occupancy costs

 

182,124

 

5,910

 

188,034

 

182,524

 

6,753

 

189,277

 

172,356

 

8,640

 

180,996

 

249,753

 

10,284

 

260,037

 

786,757

 

31,587

 

818,344

 

Gross profit

 

76,891

 

2,212

 

79,103

 

74,469

 

1,112

 

75,581

 

87,651

 

2,275

 

89,926

 

127,565

 

2,674

 

130,239

 

366,576

 

8,273

 

374,849

 

Selling, general and administrative expenses

 

66,571

 

1,913

 

68,484

 

61,518

 

2,682

 

64,200

 

70,254

 

3,128

 

73,382

 

86,321

 

4,279

 

90,600

 

284,664

 

12,002

 

296,666

 

Operating income (loss)

 

10,320

 

299

 

10,619

 

12,951

 

(1,570

)

11,381

 

17,397

 

(853

)

16,544

 

41,244

 

(1,605

)

39,639

 

81,912

 

(3,729

)

78,183

 

Interest expense, net

 

489

 

1

 

490

 

477

 

 

477

 

471

 

 

471

 

226

 

 

226

 

1,663

 

1

 

1,664

 

Income (loss) before income taxes

 

9,831

 

298

 

10,129

 

12,474

 

(1,570

)

10,904

 

16,926

 

(853

)

16,073

 

41,018

 

(1,605

)

39,413

 

80,249

 

(3,730

)

76,519

 

Income tax provision (benefit)

 

3,952

 

120

 

4,072

 

5,037

 

(632

)

4,405

 

6,822

 

(342

)

6,480

 

16,042

 

(650

)

15,392

 

31,853

 

(1,504

)

30,349

 

Net income (loss)

 

$5,879

 

$178

 

$6,057

 

$7,437

 

$(938

)

$6,499

 

$10,104

 

$(511

)

$9,593

 

$24,976

 

$(955

)

$24,021

 

$48,396

 

$(2,226

)

$46,170

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$0.11

 

$—

 

$0.11

 

$0.13

 

$(0.01

)

$0.12

 

$0.18

 

$(0.01

)

$0.17

 

$0.44

 

$(0.02

)

$0.42

 

$0.86

 

$(0.04

)

$0.82

 

Diluted earnings (loss) per share

 

$0.10

 

$—

 

$0.10

 

$0.12

 

$(0.01

)

$0.11

 

$0.17

 

$(0.01

)

$0.16

 

$0.41

 

$(0.01

)

$0.40

 

$0.81

 

$(0.04

)

$0.77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares of common stock

 

55,226

 

55,226

 

55,226

 

55,656

 

55,656

 

55,656

 

56,381

 

56,381

 

56,381

 

57,023

 

57,023

 

57,023

 

56,072

 

56,072

 

56,072

 

Diluted shares of common stock

 

59,744

 

59,744

 

59,744

 

59,852

 

59,852

 

59,852

 

59,963

 

59,963

 

59,963

 

60,566

 

60,566

 

60,566

 

60,031

 

60,031

 

60,031

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

70.3

%

72.8

%

70.4

%

71.0

%

85.9

%

71.5

%

66.3

%

79.2

%

66.8

%

66.2

%

79.4

%

66.6

%

68.2

%

79.2

%

68.6

%

Gross profit

 

29.7

%

27.2

%

29.6

%

29.0

%

14.1

%

28.5

%

33.7

%

20.8

%

33.2

%

33.8

%

20.6

%

33.4

%

31.8

%

20.8

%

31.4

%

Selling, general and administrative expenses

 

25.7

%

23.5

%

25.6

%

24.0

%

34.1

%

24.2

%

27.0

%

28.6

%

27.1

%

22.9

%

33.0

%

23.2

%

24.7

%

30.2

%

24.8

%

Operating income (loss)

 

4.0

%

3.7

%

4.0

%

5.0

%

(20.0

%)

4.3

%

6.7

%

(7.8

%)

6.1

%

10.9

%

(12.4

%)

10.2

%

7.1

%

(9.4

%)

6.6

%

Interest expense, net

 

0.2

%

%

0.2

%

0.2

%

%

0.2

%

0.2

%

%

0.2

%

0.1

%

%

0.1

%

0.1

%

%

0.1

%

Income (loss) before income taxes

 

3.8

%

3.7

%

3.8

%

4.8

%

(20.0

%)

4.1

%

6.5

%

(7.8

%)

5.9

%

10.8

%

(12.4

%)

10.1

%

7.0

%

(9.4

%)

6.5

%

Income tax provision (benefit)

 

1.5

%

1.5

%

1.5

%

1.9

%

(8.1

%)

1.6

%

2.6

%

(3.1

%)

2.4

%

4.2

%

(5.0

%)

3.9

%

2.8

%

(3.8

%)

2.6

%

Net income (loss)

 

2.3

%

2.2

%

2.3

%

2.9

%

(11.9

%)

2.5

%

3.9

%

(4.7

%)

3.5

%

6.6

%

(7.4

%)

6.2

%

4.2

%

(5.6

%)

3.9

%

1