Quarterly Results Of Operations

12 Months Ended

Oct. 28, 2011

Quarterly Results Of Operations [Abstract]

Quarterly Results Of Operations

NOTE 16 – QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a tabulation of the unaudited quarterly results for the years ended October 28, 2011 and October 29, 2010:

		Net Sales		Gross Margin		Net Income (Loss)			Net Income (Loss) per Share - Basic			Net Income (Loss) per Share - Diluted
2011 Quarter Ended:
January 28	$	842,404	$	258,913	$	33,427		$	0.35		$	0.34
April 29		992,729		315,510		56,308			0.60			0.58
July 29		1,070,482		324,337		67,387			0.72			0.70
October 28		1,047,339		333,048		(295,723	)		(3.18	)		(3.18)
	$	3,952,954	$	1,231,808	$	(138,601	)	$	(1.47	)	$	(1.47)
2010 Quarter Ended:
January 29	$	672,363	$	216,991	$	33,937		$	0.34		$	0.34
April 30		803,570		273,353		61,673			0.63			0.61
July 30		873,915		290,804		75,143			0.76			0.74
October 29		876,839		290,530		51,303			0.52			0.51
	$	3,226,687	$	1,071,678	$	222,056		$	2.25		$	2.20

In the fourth quarter of fiscal year 2011, income (loss) from continuing operations included an impairment of goodwill and intangible assets of $3.82 per share ($3.75 per share for the full fiscal year 2011). See Note 1 and Note 8 for more information on goodwill and intangible assets. The second, third and fourth quarters of fiscal year 2011 included restructuring costs of $0.01 $0.10 and $0.13 per share, respectively. The first, third and fourth quarters of fiscal year 2010 included restructuring costs of $0.02, $0.04 and $0.02 per share, respectively. See Note 15 for more information on restructuring activities. In the first and second quarter of 2011, income (loss) from continuing operations included acquisition-related charges of $0.05 and $0.05 per share, respectively. In the fourth quarter of 2010, income from continuing operations included acquisition-related charges of $0.03 per share. In the third quarter of 2010, income from continuing operations included an after-tax benefit of $0.08 per share for a net gain on the sale of certain assets. The quarters will not sum to the fiscal year amount due to the effect of weighting and the exclusion of antidilutive shares in 2011.