Attached files
| file | filename |
|---|---|
| EX-99 - PRESS RELEASE - CACHE INC | p12-0988pressrelease.htm |
| 8-K - CACHE INC. - CACHE INC | p12-0988form8k.htm |
|
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
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December 31,
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January 1,
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ASSETS
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2011
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2011
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Current assets:
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Cash and equivalents
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$ 22,509,000
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$ 4,609,000
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||||
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Marketable securities
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4,008,000
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20,923,000
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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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Receivables, net
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3,403,000
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2,855,000
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Income tax receivable, net
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162,000
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50,000
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Inventories, net
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22,075,000
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15,789,000
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Prepaid expenses and other current assets
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1,572,000
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5,029,000
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Total current assets
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56,729,000
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51,755,000
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Equipment and leasehold improvements, net
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18,937,000
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24,753,000
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Intangible assets, net
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102,000
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102,000
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Other assets
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8,877,000
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9,380,000
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Total assets
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$ 84,645,000
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$ 85,990,000
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
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Accounts payable
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$ 9,565,000
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$ 8,273,000
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Note payable
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-
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1,518,000
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Accrued compensation
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2,579,000
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2,551,000
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Accrued liabilities
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10,217,000
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11,150,000
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Total current liabilities
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22,361,000
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23,492,000
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Note payable
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-
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319,000
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Other liabilities
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11,487,000
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13,867,000
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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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Additional paid-in capital
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48,419,000
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48,015,000
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Retained earnings
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42,008,000
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39,927,000
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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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Total stockholders' equity
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50,797,000
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48,312,000
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Total liabilities and stockholders' equity
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$ 84,645,000
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$ 85,990,000
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CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
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52 Weeks Ended
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52 Weeks Ended
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December 31,
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January 1,
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2011
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2011
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Net sales
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$ | 223,880,000 | $ | 206,519,000 | ||||
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Cost of sales, including buying and occupancy
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127,461,000 | 127,662,000 | ||||||
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Gross profit
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96,419,000 | 78,857,000 | ||||||
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Expenses
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Store operating expenses
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76,024,000 | 75,901,000 | ||||||
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General and administrative expenses
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17,428,000 | 19,987,000 | ||||||
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Impairment charges
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719,000 | 10,066,000 | ||||||
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Total expenses
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94,171,000 | 105,954,000 | ||||||
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Operating income (loss)
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2,248,000 | (27,097,000 | ) | |||||
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Other income (expense):
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Interest expense
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(70,000 | ) | (117,000 | ) | ||||
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Interest income
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87,000 | 143,000 | ||||||
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Income (loss) before income taxes
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2,265,000 | (27,071,000 | ) | |||||
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Income tax provision (benefit)
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184,000 | (4,639,000 | ) | |||||
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Net income (loss)
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$ | 2,081,000 | $ | (22,432,000 | ) | |||
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Basic earnings (loss) per share
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$ | 0.16 | $ | (1.76) | ||||
| Diluted earnings (loss) per share | $ | 0.16 | $ | (1.76) | ||||
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Basic weighted average shares outstanding
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12,838,000 | 12,779,000 | ||||||
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Diluted weighted average shares outstanding
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12,884,000 | 12,779,000 | ||||||
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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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December 31,
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January 1,
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2011
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2011
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Net sales
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$ | 62,856,000 | $ | 55,870,000 | ||||
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Cost of sales, including buying and occupancy
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35,632,000 | 34,563,000 | ||||||
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Gross profit
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27,224,000 | 21,307,000 | ||||||
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Expenses
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Store operating expenses
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20,028,000 | 20,135,000 | ||||||
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General and administrative expenses
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4,086,000 | 4,938,000 | ||||||
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Impairment charges
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719,000 | 10,066,000 | ||||||
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Total expenses
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24,833,000 | 35,139,000 | ||||||
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Operating income (loss)
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2,391,000 | (13,832,000 | ) | |||||
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Other income (expense):
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Interest expense
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(32,000 | ) | (23,000 | ) | ||||
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Interest income
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19,000 | 25,000 | ||||||
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Income (loss) before income taxes
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2,378,000 | (13,830,000 | ) | |||||
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Income tax provision (benefit)
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502,000 | 391,000 | ) | |||||
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Net income (loss)
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$ | 1,876,000 | $ | (14,221,000 | ) | |||
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Basic earnings (loss) per share
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$ | 0.15 | $ | (1.11 | ) | |||
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Diluted earnings (loss) per share
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$ | 0.15 | $ | (1.11 | ) | |||
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Basic weighted average shares outstanding
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12,859,000 | 12,795,000 | ||||||
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Diluted weighted average shares outstanding
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12,903,000 | 12,795,000 | ||||||