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Consolidated Statements of Income (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
May 27, 2012
May 29, 2011
May 27, 2012
May 29, 2011
Net revenues $ 1,047,157 $ 1,092,922 $ 2,212,118 $ 2,213,615
Cost of goods sold 566,471 552,226 1,182,638 1,114,952
Gross profit 480,686 540,696 1,029,480 1,098,663
Selling, general and administrative expenses 435,056 475,720 873,639 934,813
Operating income 45,630 64,976 155,841 163,850
Interest expense (32,411) (33,515) (70,984) (68,381)
Loss on early extinguishment of debt (8,206) 0 (8,206) 0
Other income (expense), net 10,697 (1,006) 11,869 (6,965)
Income before income taxes 15,710 30,455 88,520 88,504
Income tax expense 2,467 9,944 25,980 28,825
Net income 13,243 20,511 62,540 59,679
Net (income) loss attributable to noncontrolling interest (10) 460 (89) 1,967
Net income attributable to Levi Strauss & Co. $ 13,233 $ 20,971 $ 62,451 $ 61,646