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FL » Topics » Reconciliation of Net Income from a GAAP-reported basis to a non-GAAP basis (unaudited) Periods ended August 2, 2008 and August 4, 2007

This excerpt taken from the FL 8-K filed Aug 22, 2008.
Reconciliation of Net Income from a GAAP-reported basis to a non-GAAP basis
(unaudited)
Periods ended August 2, 2008 and August 4, 2007
(In millions, except per share amounts)

   
Second 
 
Second
 
   
Quarter 
 
Quarter
 
   
2008 
 
2007
 
Net income – GAAP basis   
$
18     
$
(18 ) 
Additions:   
     
   
    Impairment charge   
—    
—  
    Store closing costs   
—    
—  
                 
Net income – non-GAAP basis   
$
18     
$
(18 ) 
                 
Net income per share – GAAP basis   
$
0.11     
$
(0.12 ) 
Additions:   
     
   
    Impairment charge   
—    
—  
    Store closing costs   
—    
—  
                 
Net income per share – non-GAAP basis   
$
0.11     
$
(0.12 ) 
                 
                 
                 
                 
   
Year-To-Date 
Year-To-Date
 
   
2008 
2007
 
Net income – GAAP basis   
$
21     
$
(1 ) 
Additions:   
     
   
    Impairment charge   
15     
—  
    Store closing costs   
3     
—  
 
Net income – non-GAAP basis   
$
39     
$
(1 ) 
 
Net income per share – GAAP basis   
$
0.13     
$
(0.01 ) 
Additions:   
     
   
    Impairment charge   
0.10     
—  
    Store closing costs   
0.02     
—  
 
Net income per share – non-GAAP basis   
$
0.25     
$
(0.01 ) 

 


     

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