v2.4.0.6

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified | 12 Months Ended
--- | ---
Jul. 28, 2012 | Jul. 30, 2011 | Jul. 31, 2010
Net sales | $ 3,353.3 |  | $ 2,914.0 | $ 2,374.6
Cost of goods sold | (1,474.7) |  | (1,260.8) | (1,036.7)
Gross margin | 1,878.6 |  | 1,653.2 | 1,337.9
Other costs and expenses: |  |  |  |
Occupancy, distribution and buying costs | (542.3) |  | (483.4) | (398.5)
Selling, general and administrative expenses | (936.3) |  | (790.2) | (650.3)
Depreciation and amortization expense | (107.4) |  | (89.8) | (71.6)
Total other costs and expenses | (1,586.0) |  | (1,363.4) | (1,120.4)
Operating income | 292.6 |  | 289.8 | 217.5
Interest expense | (4.3) |  | (2.5) | (6.6)
Interest and other income, net | 4.7 |  | 1.1 | 4.3
Acquisition-related costs | (14.0) |  |  |
Loss on extinguishment of debt (Note 14) |  |  | (4.0) | (5.8)
Income from continuing operations before provision for income taxes | 279.0 |  | 284.4 | 209.4
Provision for income taxes from continuing operations | (107.2) |  | (113.9) | (76.0)
Income from continuing operations | 171.8 |  | 170.5 | 133.4
Loss from discontinued operations, net of taxes | (9.6) | [1] |  |
Net income | $ 162.2 |  | $ 170.5 | $ 133.4
Net income per common share - basic: |  |  |  |
Continuing operations | $ 1.12 |  | $ 1.09 | $ 0.92
Discontinued operations | $ (0.06) |  |  |
Total net income per basic common share | $ 1.06 |  | $ 1.09 | $ 0.92
Net income per common share - diluted: |  |  |  |
Continuing operations | $ 1.08 |  | $ 1.05 | $ 0.87
Discontinued operations | $ (0.06) |  |  |
Total net income per diluted common share | $ 1.02 |  | $ 1.05 | $ 0.87
Weighted average common shares outstanding: |  |  |  |
Basic | 153.5 |  | 156.1 | 144.4
Diluted | 159.4 |  | 161.8 | 154.0
[1] | Loss from discontinued operations is presented net of a $5.1 million income tax benefit for the year ended July 28, 2012.

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