Attached files
| file | filename |
|---|---|
| EX-99.1 - EARNINGS PRESS RELEASE - CACHE INC | p11-1384pressrelease.htm |
| 8-K - CACHE, INC. - CACHE INC | p11-1384form8k.htm |
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CACHE, INC. AND SUBSIDIARIES
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CONSOLIDATED BALANCE SHEETS
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||||||||||||
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July 2,
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January 1,
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July 3,
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||||||||||
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ASSETS
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2011
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2011
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2010
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|||||||||
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Current assets:
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||||||||||||
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Cash and equivalents
|
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$ 8,706,000
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$ 4,609,000
|
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$ 3,742,000
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||||||
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Marketable securities
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15,613,000
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20,923,000
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24,665,000
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|||||||||
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Certificate of deposits - restricted
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3,000,000
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2,500,000
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2,500,000
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Receivables, net
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2,426,000
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2,855,000
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2,614,000
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Income tax receivable, net
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50,000
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50,000
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81,000
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|||||||||
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Inventories, net
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18,350,000
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15,789,000
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20,408,000
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Prepaid expenses and other current assets
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4,787,000
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5,029,000
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6,370,000
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Total current assets
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52,932,000
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51,755,000
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60,380,000
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Equipment and leasehold improvements, net
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21,716,000
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24,753,000
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28,204,000
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Goodwill
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-
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-
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9,092,000
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|||||||||
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Intangible assets, net
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102,000
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102,000
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102,000
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Other assets
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8,176,000
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9,380,000
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5,249,000
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Total assets
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$ 82,926,000
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$ 85,990,000
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$ 103,027,000
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
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Accounts payable
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$ 6,465,000
|
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$ 8,273,000
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$ 7,547,000
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|||||||
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Note payable
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1,455,000
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1,518,000
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1,569,000
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Accrued compensation
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2,414,000
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2,551,000
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2,354,000
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Accrued liabilities
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9,062,000
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11,150,000
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8,848,000
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Total current liabilities
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19,396,000
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23,492,000
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20,318,000
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Note payable
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-
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319,000
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630,000
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Other liabilities
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12,922,000
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13,867,000
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14,736,000
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Commitments and contingencies
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STOCKHOLDERS' EQUITY
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Common stock
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165,000
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165,000
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164,000
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Additional paid-in capital
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48,284,000
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48,015,000
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47,799,000
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Retained earnings
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41,954,000
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39,927,000
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59,175,000
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Treasury stock, at cost
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(39,795,000
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) |
(39,795,000
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) |
(39,795,000
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) | ||||||
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Total stockholders' equity
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50,608,000
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48,312,000
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67,343,000
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Total liabilities and stockholders' equity
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$ 82,926,000
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$ 85,990,000
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$ 103,027,000
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| CACHE, INC. AND SUBSIDIARIES | ||||||||||||
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CONSOLIDATED STATEMENTS OF OPERATIONS
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| 26 Weeks Ended |
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26 Weeks Ended
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July 2,
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July 3,
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2011
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2010
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Net sales
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$ 112,365,000
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$ 105,125,000
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Cost of sales, including buying and occupancy
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62,930,000
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63,477,000
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Gross profit
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49,435,000
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41,648,000
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Expenses
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Store operating expenses
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37,533,000
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37,807,000
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General and administrative expenses
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9,003,000
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9,015,000
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Total expenses
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46,536,000
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46,822,000
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Operating income (loss)
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2,899,000
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(5,174,000)
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Other income (expense):
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Interest expense
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(31,000
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) |
(67,000
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) | ||||||||
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Interest income
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44,000
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85,000
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Income (loss) before income taxes
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2,912,000
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(5,156,000
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) | |||||||||
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Income tax provision (benefit)
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885,000
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(1,972,000
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) | |||||||||
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Net income (loss)
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$ 2,027,000
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$ (3,184,000
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) | |||||||
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Basic income (loss) per share
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$ 0.16
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$ (0.25
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) | |||||||
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Diluted income (loss) per share
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$ 0.16
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$ (0.25
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) | |||||||
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Basic weighted average shares outstanding
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12,822,000
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12,771,000
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Diluted weighted average shares outstanding
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12,861,000
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12,771,000
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| CACHE, INC. AND SUBSIDIARIES | ||||||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||
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13 Weeks Ended
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13 Weeks Ended
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|||||||||||
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July 2,
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July 3,
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2011
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2010
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Net sales
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$ 60,266,000
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$ 56,575,000
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Cost of sales, including buying and occupancy
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32,752,000
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31,642,000
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Gross profit
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27,514,000
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24,933,000
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Expenses
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Store operating expenses
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19,396,000
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19,148,000
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General and administrative expenses
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3,959,000
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4,341,000
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Total expenses
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23,355,000
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23,489,000
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Operating income
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4,159,000
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1,444,000
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Other income (expense):
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Interest expense
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(13,000
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) |
(32,000
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) | ||||||||
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Interest income
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23,000
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41,000
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Income before income taxes
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4,169,000
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1,453,000
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Income tax provision
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1,370,000
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556,000
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Net income
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$ 2,799,000
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$ 897,000
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Basic income per share
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$ 0.22
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$ 0.07
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Diluted income per share
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$ 0.22
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$ 0.07
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Basic weighted average shares outstanding
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12,827,000
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12,771,000
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Diluted weighted average shares outstanding
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12,873,000
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12,809,000
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