CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS
June 30, | December 31, | July 2, | ||||||||||
ASSETS | 2012 | 2011 | 2011 | |||||||||
Current assets: | ||||||||||||
Cash and equivalents | $ | 14,334,000 | $ | 22,509,000 | $ | 8,706,000 | ||||||
Marketable securities | 7,019,000 | 4,008,000 | 15,613,000 | |||||||||
Certificate of deposits - restricted | 3,000,000 | 3,000,000 | 3,000,000 | |||||||||
Receivables, net | 2,359,000 | 3,403,000 | 2,426,000 | |||||||||
Income tax receivable | 267,000 | 162,000 | 50,000 | |||||||||
Inventories, net | 22,267,000 | 22,075,000 | 18,350,000 | |||||||||
Prepaid expenses and other current assets | 2,516,000 | 1,572,000 | 4,787,000 | |||||||||
Total current assets | 51,762,000 | 56,729,000 | 52,932,000 | |||||||||
Equipment and leasehold improvements, net | 20,166,000 | 18,937,000 | 21,716,000 | |||||||||
Intangible assets, net | 102,000 | 102,000 | 102,000 | |||||||||
Other assets | 9,040,000 | 8,877,000 | 8,176,000 | |||||||||
Total assets | $ | 81,070,000 | $ | 84,645,000 | $ | 82,926,000 | ||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Accounts payable | $ | 7,957,000 | $ | 9,565,000 | $ | 6,465,000 | ||||||
Note payable | - | - | 1,455,000 | |||||||||
Accrued compensation | 2,560,000 | 2,579,000 | �� | 2,414,000 | ||||||||
Accrued liabilities | 9,338,000 | 10,217,000 | 9,062,000 | |||||||||
Total current liabilities | 19,855,000 | 22,361,000 | 19,396,000 | |||||||||
Other liabilities | 10,387,000 | 11,487,000 | 12,922,000 | |||||||||
Commitments and contingencies | ||||||||||||
STOCKHOLDERS' EQUITY | ||||||||||||
Common stock | 166,000 | 165,000 | 165,000 | |||||||||
Additional paid-in capital | 48,626,000 | 48,419,000 | 48,284,000 | |||||||||
Retained earnings | 41,831,000 | 42,008,000 | 41,954,000 | |||||||||
Treasury stock, at cost | (39,795,000 | ) | (39,795,000 | ) | (39,795,000 | ) | ||||||
Total stockholders' equity | 50,828,000 | 50,797,000 | 50,608,000 | |||||||||
Total liabilities and stockholders' equity | $ | 81,070,000 | $ | 84,645,000 | $ | 82,926,000 | ||||||
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
CONSOLIDATED STATEMENTS OF OPERATIONS
26 Weeks Ended | 26 Weeks Ended | |||||||
June 30, | July 2, | |||||||
2012 | 2011 | |||||||
Net sales | $ | 117,628,000 | $ | 112,365,000 | ||||
Cost of sales, including buying and occupancy | 69,048,000 | 62,930,000 | ||||||
Gross profit | 48,580,000 | 49,435,000 | ||||||
Expenses | ||||||||
Store operating expenses | 39,459,000 | 37,533,000 | ||||||
General and administrative expenses | 9,467,000 | 9,003,000 | ||||||
Total expenses | 48,926,000 | 46,536,000 | ||||||
Operating income (loss) | (346,000 | ) | 2,899,000 | |||||
Other income (expense): | ||||||||
Interest expense | - | (31,000 | ) | |||||
Interest income | 42,000 | 44,000 | ||||||
Income (loss) before income taxes | (304,000 | ) | 2,912,000 | |||||
Income tax provision (benefit) | (127,000 | ) | 885,000 | |||||
Net income (loss) | $ | (177,000 | ) | $ | 2,027,000 | |||
Basic earnings (loss) per share | $ | (0.01 | ) | $ | 0.16 | |||
Diluted earnings (loss) per share | $ | (0.01 | ) | $ | 0.16 | |||
Basic weighted average shares outstanding | 12,877,000 | 12,822,000 | ||||||
Diluted weighted average shares outstanding | 12,877,000 | 12,861,000 | ||||||
CACHE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
CONSOLIDATED STATEMENTS OF OPERATIONS
13 Weeks Ended | 13 Weeks Ended | |||||||
June 30, | July 2, | |||||||
2012 | 2011 | |||||||
Net sales | $ | 61,633,000 | $ | 60,266,000 | ||||
Cost of sales, including buying and occupancy | 35,250,000 | 32,752,000 | ||||||
Gross profit | 26,383,000 | 27,514,000 | ||||||
Expenses | ||||||||
Store operating expenses | 20,117,000 | 19,396,000 | ||||||
General and administrative expenses | 4,589,000 | 3,959,000 | ||||||
Total expenses | 24,706,000 | 23,355,000 | ||||||
Operating income | 1,677,000 | 4,159,000 | ||||||
Other income (expense): | ||||||||
Interest expense | - | (13,000 | ) | |||||
Interest income | 24,000 | 23,000 | ||||||
Income before income taxes | 1,701,000 | 4,169,000 | ||||||
Income tax benefit | 670,000 | 1,370,000 | ||||||
Net income | $ | 1,031,000 | $ | 2,799,000 | ||||
Basic earnings per share | $ | 0.08 | $ | 0.22 | ||||
Diluted earnings per share | $ | 0.08 | $ | 0.22 | ||||
Basic weighted average shares outstanding | 12,880,000 | 12,827,000 | ||||||
Diluted weighted average shares outstanding | 12,928,000 | 12,873,000 |