Attached files
| file | filename |
|---|---|
| 8-K - CACHE, INC. - CACHE INC | p12-1493form8k.htm |
| EX-99 - PRESS RELEASE - CACHE INC | p12-1493exhibit991.htm |
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS
|
June 30,
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December 31,
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July 2,
|
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ASSETS
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2012
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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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$ | 14,334,000 | $ | 22,509,000 | $ | 8,706,000 | ||||||
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Marketable securities
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7,019,000 | 4,008,000 | 15,613,000 | |||||||||
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Certificate of deposits - restricted
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3,000,000 | 3,000,000 | 3,000,000 | |||||||||
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Receivables, net
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2,359,000 | 3,403,000 | 2,426,000 | |||||||||
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Income tax receivable
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267,000 | 162,000 | 50,000 | |||||||||
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Inventories, net
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22,267,000 | 22,075,000 | 18,350,000 | |||||||||
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Prepaid expenses and other current assets
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2,516,000 | 1,572,000 | 4,787,000 | |||||||||
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Total current assets
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51,762,000 | 56,729,000 | 52,932,000 | |||||||||
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Equipment and leasehold improvements, net
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20,166,000 | 18,937,000 | 21,716,000 | |||||||||
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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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9,040,000 | 8,877,000 | 8,176,000 | |||||||||
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Total assets
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$ | 81,070,000 | $ | 84,645,000 | $ | 82,926,000 | ||||||
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Current liabilities:
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Accounts payable
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$ | 7,957,000 | $ | 9,565,000 | $ | 6,465,000 | ||||||
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Note payable
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- | - | 1,455,000 | |||||||||
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Accrued compensation
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2,560,000 | 2,579,000 | 2,414,000 | |||||||||
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Accrued liabilities
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9,338,000 | 10,217,000 | 9,062,000 | |||||||||
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Total current liabilities
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19,855,000 | 22,361,000 | 19,396,000 | |||||||||
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Other liabilities
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10,387,000 | 11,487,000 | 12,922,000 | |||||||||
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Commitments and contingencies
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STOCKHOLDERS' EQUITY
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Common stock
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166,000 | 165,000 | 165,000 | |||||||||
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Additional paid-in capital
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48,626,000 | 48,419,000 | 48,284,000 | |||||||||
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Retained earnings
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41,831,000 | 42,008,000 | 41,954,000 | |||||||||
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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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50,828,000 | 50,797,000 | 50,608,000 | |||||||||
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Total liabilities and stockholders' equity
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$ | 81,070,000 | $ | 84,645,000 | $ | 82,926,000 | ||||||
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
CONSOLIDATED STATEMENTS OF OPERATIONS
|
26 Weeks Ended
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26 Weeks Ended
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June 30,
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July 2,
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2012
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2011
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Net sales
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$ | 117,628,000 | $ | 112,365,000 | ||||
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Cost of sales, including buying and occupancy
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69,048,000 | 62,930,000 | ||||||
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Gross profit
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48,580,000 | 49,435,000 | ||||||
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Expenses
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Store operating expenses
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39,459,000 | 37,533,000 | ||||||
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General and administrative expenses
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9,467,000 | 9,003,000 | ||||||
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Total expenses
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48,926,000 | 46,536,000 | ||||||
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Operating income (loss)
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(346,000 | ) | 2,899,000 | |||||
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Other income (expense):
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Interest expense
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- | (31,000 | ) | |||||
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Interest income
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42,000 | 44,000 | ||||||
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Income (loss) before income taxes
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(304,000 | ) | 2,912,000 | |||||
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Income tax provision (benefit)
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(127,000 | ) | 885,000 | |||||
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Net income (loss)
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$ | (177,000 | ) | $ | 2,027,000 | |||
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Basic earnings (loss) per share
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$ | (0.01 | ) | $ | 0.16 | |||
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Diluted earnings (loss) per share
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$ | (0.01 | ) | $ | 0.16 | |||
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Basic weighted average shares outstanding
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12,877,000 | 12,822,000 | ||||||
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Diluted weighted average shares outstanding
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12,877,000 | 12,861,000 | ||||||
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
CONSOLIDATED STATEMENTS OF OPERATIONS
|
13 Weeks Ended
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13 Weeks Ended
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June 30,
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July 2,
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2012
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2011
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Net sales
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$ | 61,633,000 | $ | 60,266,000 | ||||
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Cost of sales, including buying and occupancy
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35,250,000 | 32,752,000 | ||||||
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Gross profit
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26,383,000 | 27,514,000 | ||||||
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Expenses
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Store operating expenses
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20,117,000 | 19,396,000 | ||||||
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General and administrative expenses
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4,589,000 | 3,959,000 | ||||||
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Total expenses
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24,706,000 | 23,355,000 | ||||||
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Operating income
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1,677,000 | 4,159,000 | ||||||
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Other income (expense):
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Interest expense
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- | (13,000 | ) | |||||
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Interest income
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24,000 | 23,000 | ||||||
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Income before income taxes
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1,701,000 | 4,169,000 | ||||||
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Income tax benefit
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670,000 | 1,370,000 | ||||||
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Net income
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$ | 1,031,000 | $ | 2,799,000 | ||||
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Basic earnings per share
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$ | 0.08 | $ | 0.22 | ||||
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Diluted earnings per share
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$ | 0.08 | $ | 0.22 | ||||
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Basic weighted average shares outstanding
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12,880,000 | 12,827,000 | ||||||
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Diluted weighted average shares outstanding
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12,928,000 | 12,873,000 | ||||||