STATEMENT OF OPERATIONS

 

 

 

 

 

Fiscal Year Ended (in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

December 29, 2012

December 31, 2011

 

 

 

 

 

Revenues, net

1,826,812

1,819,156

Cost of revenues

744,026

772,016

Gross profit

 

1,082,786

1,047,140

Marketing expenses

343,513

292,350

Selling, general and administrative expenses

228,468

208,462

Operating income

510,805

546,328

Interest expense

90,537

59,850

Other expense, net

1,979

3,386

Income before income taxes

416,961

483,092

Provision for income taxes

159,535

178,748

Net income

 

257,426

304,344

 

 

 

 

 

Earnings per Share:

 

 

 

Basic

 

$4.27

$4.16

 

Diluted

 

$4.23

$4.11

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

Basic

 

60,294

73,344

 

Diluted

 

60,923

74,131

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