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Condensed Consolidated Statements of Income and Retained Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 28, 2016
May 30, 2015
May 28, 2016
May 30, 2015
Sales revenue:        
Furniture and accessories $ 92,990 $ 99,467 $ 185,392 $ 189,015
Logistics 13,677 12,086 28,148 15,345
Total sales revenue 106,667 111,553 213,540 204,360
Cost of furniture and accessories sold 42,419 46,921 84,405 88,851
Selling, general and administrative expenses excluding new store pre-opening costs 58,088 57,425 117,045 104,900
New store pre-opening costs $ 307 $ 44 $ 446 44
Lease exit costs 419
Asset impairment charges 106
Management restructuring costs $ 449 449
Income from operations $ 5,853 $ 6,714 $ 11,644 9,591
Remeasurement gain on acquisition of affiliate 7,212
Income from Continued Dumping & Subsidy Offset Act $ 1,066 1,066
Other loss, net $ (600) (597) $ (1,257) (1,220)
Income before income taxes 5,253 7,183 10,387 16,649
Income tax expense 1,868 2,654 3,768 6,164
Net income 3,385 4,529 6,619 10,485
Retained earnings-beginning of period 123,176 111,474 120,904 106,339
Cash dividends (998) (854) (1,960) (1,675)
Retained earnings-end of period $ 125,563 $ 115,149 $ 125,563 $ 115,149
Basic earnings per share (in dollars per share) $ 0.31 $ 0.42 $ 0.61 $ 0.99
Diluted earnings per share (in dollars per share) 0.31 0.42 0.61 0.98
Dividends per share (in dollars per share) $ 0.09 $ 0.08 $ 0.18 $ 0.16