STATEMENT OF OPERATIONS |
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Fiscal Year Ended (in thousands, except per share amounts) |
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December 29, 2012 |
December 31, 2011 |
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Revenues, net |
1,826,812 |
1,819,156 |
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Cost of revenues |
744,026 |
772,016 |
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Gross profit |
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1,082,786 |
1,047,140 |
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Marketing expenses |
343,513 |
292,350 |
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Selling, general and administrative expenses |
228,468 |
208,462 |
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Operating income |
510,805 |
546,328 |
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Interest expense |
90,537 |
59,850 |
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Other expense, net |
1,979 |
3,386 |
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Income before income taxes |
416,961 |
483,092 |
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Provision for income taxes |
159,535 |
178,748 |
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Net income |
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257,426 |
304,344 |
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Earnings per Share: |
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Basic |
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$4.27 |
$4.16 |
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Diluted |
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$4.23 |
$4.11 |
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Weighted average common shares outstanding |
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Basic |
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60,294 |
73,344 |
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Diluted |
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60,923 |
74,131 |