Attached files
| file | filename |
|---|---|
| EX-99.1 - EARNINGS PRESS RELEASE - CACHE INC | p11-1783pressrelease.htm |
| 8-K - CACHE, INC. - CACHE INC | p11-1783form8k.htm |
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
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October 1,
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January 1,
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October 2,
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ASSETS
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2011
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2011
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2010
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Current assets:
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Cash and equivalents
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$ | 13,816,000 | $ | 4,609,000 | $ | 2,483,000 | |||||||
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Marketable securities
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7,563,000 | 20,923,000 | 21,865,000 | ||||||||||
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Certificate of deposits - restricted
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3,000,000 | 2,500,000 | 2,500,000 | ||||||||||
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Receivables, net
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2,304,000 | 2,855,000 | 2,020,000 | ||||||||||
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Income tax receivable, net
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- | 50,000 | 81,000 | ||||||||||
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Inventories, net
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22,232,000 | 15,789,000 | 19,243,000 | ||||||||||
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Prepaid expenses and other current assets
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5,323,000 | 5,029,000 | 6,041,000 | ||||||||||
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Total current assets
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54,238,000 | 51,755,000 | 54,233,000 | ||||||||||
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Equipment and leasehold improvements, net
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20,651,000 | 24,753,000 | 26,836,000 | ||||||||||
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Goodwill
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- | - | 9,092,000 | ||||||||||
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Intangible assets, net
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102,000 | 102,000 | 102,000 | ||||||||||
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Other assets
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9,380,000 | 9,380,000 | 7,965,000 | ||||||||||
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Total assets
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$ | 84,371,000 | $ | 85,990,000 | $ | 98,228,000 | |||||||
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
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Accounts payable
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$ | 11,777,000 | $ | 8,273,000 | $ | 8,949,000 | |||||||
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Note payable
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1,463,000 | 1,518,000 | 1,751,000 | ||||||||||
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Accrued compensation
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1,306,000 | 2,551,000 | 1,222,000 | ||||||||||
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Accrued liabilities
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8,697,000 | 11,150,000 | 9,321,000 | ||||||||||
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Total current liabilities
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23,243,000 | 23,492,000 | 21,243,000 | ||||||||||
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Note payable
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- | 319,000 | 476,000 | ||||||||||
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Other liabilities
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12,280,000 | 13,867,000 | 14,103,000 | ||||||||||
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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 | 165,000 | 165,000 | ||||||||||
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Additional paid-in capital
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48,346,000 | 48,015,000 | 47,888,000 | ||||||||||
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Retained earnings
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40,132,000 | 39,927,000 | 54,148,000 | ||||||||||
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Treasury stock, at cost
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(39,795,000 | ) | (39,795,000 | ) | (39,795,000 | ) | |||||||
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Total stockholders' equity
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48,848,000 | 48,312,000 | 62,406,000 | ||||||||||
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Total liabilities and stockholders' equity
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$ | 84,371,000 | $ | 85,990,000 | $ | 98,228,000 | |||||||
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
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39 Weeks Ended
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39 Weeks Ended
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October 1,
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October 2,
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2011
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2010
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Net sales
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$ | 161,024,000 | $ | 150,649,000 | ||||
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Cost of sales, including buying and occupancy
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91,829,000 | 93,099,000 | ||||||
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Gross profit
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69,195,000 | 57,550,000 | ||||||
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Expenses
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Store operating expenses
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55,996,000 | 55,766,000 | ||||||
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General and administrative expenses
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13,342,000 | 15,048,000 | ||||||
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Total expenses
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69,338,000 | 70,814,000 | ||||||
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Operating loss
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(143,000 | ) | (13,264,000 | ) | ||||
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Other income (expense):
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Interest expense
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(38,000 | ) | (94,000 | ) | ||||
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Interest income
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68,000 | 117,000 | ||||||
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Loss before income taxes
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(113,000 | ) | (13,241,000 | ) | ||||
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Income tax benefit
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(318,000 | ) | (5,030,000 | ) | ||||
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Net income (loss)
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$ | 205,000 | $ | (8,211,000 | ) | |||
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Basic income (loss) per share
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$ | 0.02 | $ | (0.64 | ) | |||
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Diluted income (loss) per share
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$ | 0.02 | $ | (0.64 | ) | |||
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Basic weighted average shares outstanding
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12,831,000 | 12,774,000 | ||||||
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Diluted weighted average shares outstanding
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12,859,000 | 12,774,000 | ||||||
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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October 1,
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October 2,
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2011
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2010
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Net sales
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$ | 48,659,000 | $ | 45,524,000 | ||||
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Cost of sales, including buying and occupancy
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28,899,000 | 29,622,000 | ||||||
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Gross profit
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19,760,000 | 15,902,000 | ||||||
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Expenses
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Store operating expenses
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18,463,000 | 17,959,000 | ||||||
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General and administrative expenses
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4,339,000 | 6,033,000 | ||||||
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Total expenses
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22,802,000 | 23,992,000 | ||||||
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Operating loss
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(3,042,000 | ) | (8,090,000 | ) | ||||
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Other income (expense):
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Interest expense
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(7,000 | ) | (27,000 | ) | ||||
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Interest income
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24,000 | 32,000 | ||||||
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Loss before income taxes
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(3,025,000 | ) | (8,085,000 | ) | ||||
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Income tax benefit
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(1,203,000 | ) | (3,058,000 | ) | ||||
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Net loss
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$ | (1,822,000 | ) | $ | (5,027,000 | ) | ||
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Basic loss per share
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$ | (0.14 | ) | $ | (0.39 | ) | ||
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Diluted loss per share
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$ | (0.14 | ) | $ | (0.39 | ) | ||
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Basic weighted average shares outstanding
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12,849,000 | 12,780,000 | ||||||
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Diluted weighted average shares outstanding
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12,849,000 | 12,780,000 | ||||||