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FL » Topics » Periods ended May 2, 2009 and May 3, 2008

This excerpt taken from the FL 8-K filed Nov 20, 2009.
Periods ended October 31, 2009 and November 1, 2008
(In millions, except per share amounts)

    Third Quarter     Third Quarter
    2009     2008
Net income (loss):          
GAAP basis $ (6 ) $ 24
Additions, after tax:          
   Impairment charge (1), (2)   22     3
 
Non-GAAP adjusted basis $ 16   $ 27
 
Net income (loss) per share:          
GAAP basis $ (0.04 ) $ 0.16
Additions, after tax:          
   Impairment charge   0.14     0.02
 
Non-GAAP adjusted basis $ 0.10   $ 0.18
 
 
    Year-To-Date     Year-To-Date
    2009     2008
Net income:          
GAAP basis $ 25   $ 45
Additions, after tax:          
   Impairment charge (1), (2), (3)   22     18
   Store closing program costs (4)   ---     3
 
Non-GAAP adjusted basis $ 47   $ 66
 
Net income per share:          
GAAP basis $ 0.16   $ 0.29
Additions, after tax:          
   Impairment charge   0.14     0.12
   Store closing program costs   ---     0.02
 
Non-GAAP adjusted basis $ 0.30   $ 0.43

(1)     

2009 amount includes the write down of long lived assets.
 
(2)     

2008 amount reflects the write down of the value of a short-term money market security.
 
(3)     

2008 amount reflects the write down of the value of a note receivable from the purchaser of the Company’s former Northern Group Operation in Canada.
 
(4)     

2008 amount reflects the costs of closing underproductive stores.
 

-- MORE --

This excerpt taken from the FL 8-K filed May 22, 2009.
Periods ended May 2, 2009 and May 3, 2008
(In millions, except per share amounts)

    First Quarter   First Quarter
    2009   2008
Net income – GAAP basis   $ 31     $ 3  
Additions:                
     Impairment charge     -       15  
     Store closing costs     -       3  
 
Net income – non-GAAP basis   $ 31     $ 21  
 
Net income per share – GAAP basis   $ 0.20     $ 0.02  
Additions:                
     Impairment charge     -       0.10  
     Store closing costs     -       0.02  
                 
Net income per share – non-GAAP basis   $ 0.20     $ 0.14  

 

- MORE -

EXCERPTS ON THIS PAGE:

8-K
Nov 20, 2009
8-K
May 22, 2009

RELATED TOPICS for FL:

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