|
POLO RALPH LAUREN CORP - 10-Q - 20051110 - INCOME_STATEMENT
POLO RALPH LAUREN CORPORATION
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended October 2, 2004
|
|
|
|
|
|
|
|
|
|
|
|
Lease
|
|
|
|
|
|
|
As Previously
|
|
|
Accounting
|
|
|
RL Media
|
|
|
|
|
|
|
Reported
|
|
|
Adjustments
|
|
|
Consolidation
|
|
|
As Restated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated Statement of Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$
|
1,357,349
|
|
|
$
|
—
|
|
|
$
|
25,190
|
|
|
$
|
1,382,539
|
|
|
Net revenues
|
|
|
1,476,430
|
|
|
|
—
|
|
|
|
25,190
|
|
|
|
1,501,620
|
|
|
Cost of goods sold
|
|
|
(731,575
|
)
|
|
|
—
|
|
|
|
(8,483
|
)
|
|
|
(740,058
|
)
|
|
Gross profit
|
|
|
744,855
|
|
|
|
—
|
|
|
|
16,707
|
|
|
|
761,562
|
|
|
Selling, general and administrative expenses
|
|
|
(597,109
|
)
|
|
|
(4,811
|
)
|
|
|
(14,150
|
)
|
|
|
(616,070
|
)
|
|
Amortization of Intangible assets
|
|
|
(1242
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
(1242
|
)
|
|
Impairments of Retail assets
|
|
|
(599
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
(599
|
)
|
|
Restructuring charges
|
|
|
(1628
|
)
|
|
|
—
|
|
|
|
—
|
|
|
|
(1628
|
)
|
|
Income from operations
|
|
|
144,277
|
|
|
|
(4,811
|
)
|
|
|
2,557
|
|
|
|
142,023
|
|
|
Interest expense, net
|
|
|
(3,675
|
)
|
|
|
—
|
|
|
|
6
|
|
|
|
(3,669
|
)
|
|
Income before provision for income taxes and other income
(expense), net
|
|
|
143,536
|
|
|
|
(4,811
|
)
|
|
|
2,563
|
|
|
|
141,288
|
|
|
Provision for income taxes
|
|
|
(51,143
|
)
|
|
|
1,955
|
|
|
|
(519
|
)
|
|
|
(49,707
|
)
|
|
Other income (expense), net
|
|
|
1,417
|
|
|
|
—
|
|
|
|
(1,005
|
)
|
|
|
412
|
|
|
Net income
|
|
|
93,810
|
|
|
|
(2,856
|
)
|
|
|
1,039
|
|
|
|
91,993
|
|
|
Net income per share — Diluted
|
|
|
0.91
|
|
|
|
(0.03
|
)
|
|
|
0.01
|
|
|
|
0.89
|
|
|
|
Next Section
Previous Section