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Condensed Consolidated Statements of Income and Retained Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 27, 2017
May 28, 2016
May 27, 2017
May 28, 2016
Sales revenue:        
Furniture and accessories $ 100,294 $ 92,990 $ 193,992 $ 185,392
Logistics 13,831 13,677 26,025 28,148
Total sales revenue 114,125 106,667 220,017 213,540
Cost of furniture and accessories sold 44,981 42,419 86,879 84,405
Selling, general and administrative expenses excluding new store pre-opening costs 61,075 58,088 119,599 117,045
New store pre-opening costs 469 307 1,275 446
Income from operations 7,600 5,853 12,264 11,644
Gain on sale of investment 3,267 3,267
Impairment of investment in real estate (1,084) (1,084)
Other loss, net (678) (600) (1,411) (1,257)
Income before income taxes 9,105 5,253 13,036 10,387
Income tax expense 3,263 1,868 4,333 3,768
Net income 5,842 3,385 8,703 6,619
Retained earnings-beginning of period 131,178 123,176 129,388 120,904
Cash dividends (1,073) (998) (2,144) (1,960)
Retained earnings-end of period $ 135,947 $ 125,563 $ 135,947 $ 125,563
Basic earnings per share (in dollars per share) $ 0.55 $ 0.31 $ 0.82 $ 0.61
Diluted earnings per share (in dollars per share) 0.54 0.31 0.81 0.61
Dividends per share (in dollars per share) $ 0.10 $ 0.09 $ 0.20 $ 0.18