Quarterly Results of Operations (unaudited) |
15. Quarterly Results of Operations (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal 2012, Three Months Ended |
|
(in thousands of dollars, except per share data) |
|
April 28 |
|
July 28 |
|
October 27 |
|
February 2 |
|
Net sales |
|
$ |
1,549,319 |
|
$ |
1,487,925 |
|
$ |
1,449,623 |
|
$ |
2,106,302 |
|
Gross profit |
|
|
592,406 |
|
|
500,123 |
|
|
530,000 |
|
|
723,532 |
|
Net income |
|
|
94,983 |
|
|
31,022 |
|
|
48,514 |
|
|
161,443 |
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
1.89 |
|
$ |
0.63 |
|
$ |
1.01 |
|
$ |
3.36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fiscal 2011, Three Months Ended |
|
(in thousands of dollars, except per share data) |
|
April 30 |
|
July 30 |
|
October 29 |
|
January 28 |
|
Net sales |
|
$ |
1,469,198 |
|
$ |
1,441,747 |
|
$ |
1,382,612 |
|
$ |
1,970,043 |
|
Gross profit |
|
|
569,173 |
|
|
478,224 |
|
|
501,533 |
|
|
667,401 |
|
Net income |
|
|
76,677 |
|
|
17,565 |
|
|
228,171 |
|
|
141,496 |
|
Diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
1.31 |
|
$ |
0.32 |
|
$ |
4.31 |
|
$ |
2.77 |
|
Total of quarterly earnings per common share may not equal the annual amount because net income per common share is calculated independently for each quarter.
Quarterly information for fiscal 2012 and fiscal 2011 includes the following items:
First Quarter
2011
-
- •
- a $4.2 million pretax gain ($2.7 million after tax or $0.05 per share) related to a distribution from a mall joint venture.
- •
- a $1.2 million pretax charge ($0.8 million after tax or $0.01 per share) for asset impairment and store closing charges related to the write-down of one property held for sale.
Second Quarter
2011
-
- •
- a $2.1 million pretax gain ($1.4 million after tax or $0.02 per share) related to the sale of an interest in a mall joint venture.
Third Quarter
2012
-
- •
- a $1.1 million pretax gain ($0.7 million after tax or $0.01 per share) related to the sale of two former retail store locations.
- •
- a $1.7 million income tax benefit ($0.04 per share) due to a reversal of a valuation allowance related to a deferred tax asset consisting of a capital loss carryforward.
2011
-
- •
- a $201.6 million income tax benefit ($3.81 per share) due to a reversal of a valuation allowance related to the amount of the capital loss carryforward used to offset the capital gain income recognized on the taxable transfer of properties to our REIT.
- •
- a $1.3 million pretax gain ($0.9 million after tax or $0.02 per share) related to the sale of two former retail store locations.
Fourth Quarter
2012
-
- •
- a $10.3 million pretax gain ($6.8 million after tax or $0.14 per share) related to the sale of a former retail store location.
- •
- a $1.6 million pretax charge ($1.1 million after tax or $0.02 per share) for asset impairment and store closing charges related to the write-down of a property held for sale and of an operating property.
- •
- an $18.1 million income tax benefit ($0.38 per share) due to a one-time deduction related to dividends paid to the Dillard's Inc. Investment and Employee Stock Ownership Plan.
2011
-
- •
- a $44.5 million pretax gain ($28.7 million after tax or $0.56 per share), net of settlement related expenses, related to the settlement of a lawsuit with JDA Software Group for $57.0 million.
|