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SPLS » Topics » General and Administrative:

This excerpt taken from the SPLS 10-K filed Mar 1, 2007.
General and Administrative:   General and administrative expenses as a percentage of sales were 4.2% for fiscal 2006, 4.3% for fiscal 2005 and 4.5% for fiscal 2004. The decrease for 2006 primarily reflects strong expense control and leveraging of fixed expenses on higher sales including the added leverage of the 53rd week of sales, partially offset by an increase in stock-based compensation. The decrease in general and administrative expenses as a percentage of sales in 2005 reflects strong expense control as well as lower investments in our supply chain program compared to 2004.

This excerpt taken from the SPLS 10-K filed Feb 28, 2006.
General and Administrative:   General and administrative expenses as a percentage of sales were 4.0% for fiscal 2005, 4.2% for fiscal 2004, and 4.0% for fiscal 2003. The decrease in general and administrative expenses as a percentage of sales in 2005 reflects strong expense control as well as lower investments in our supply chain program compared to 2004. The increase in general and administrative expenses as a percentage of sales in 2004 reflects an increase in management’s variable compensation as well as our continued investment in supply chain initiatives, partially offset by our ability to increase sales without proportionately increasing overhead expenses.

EXCERPTS ON THIS PAGE:

10-K
Mar 1, 2007
10-K
Feb 28, 2006

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