| Jun'19 | Jun'18 | Jun'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 |
|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||
1,361,188 | 1,502,932 | 1,074,513 | 1,908,650 | 1,576,128 | 1,440,907 | 1,288,104 | 1,113,116 | 941,981 | 910,143 |
Cost of sales | |||||||||
1,138,329 | 1,141,886 | 1,028,963 | 1,260,576 | 1,180,407 | 1,138,143 | 1,073,555 | 911,334 | 757,050 | 715,499 |
Gross profit | |||||||||
222,859 | 361,046 | 45,550 | 648,074 | 395,721 | 302,764 | 214,549 | 201,782 | 184,931 | 194,644 |
Selling, general and administrative | |||||||||
174,795 | 177,148 | 176,032 | 177,760 | 160,386 | 156,712 | 126,956 | 113,130 | 101,448 | 92,040 |
Legal settlement expense - See Note 12 | |||||||||
2,250 | 80,750 | 0 | 0 | - | - | 28,000 | - | - | - |
(Gain) loss on disposal of fixed assets | |||||||||
-33 | -473 | -3,664 | 1,563 | -568 | - | - | - | - | - |
Operating income (loss) | |||||||||
45,781 | 102,675 | -134,146 | 471,877 | 234,767 | 146,052 | 59,593 | 88,652 | 83,483 | 102,604 |
Other income (expense): | |||||||||
Interest income, net | |||||||||
644 | 265 | 318 | 1,156 | 2,313 | 3,755 | 4,488 | 5,047 | 6,856 | 7,616 |
Patronage dividends | |||||||||
10,482 | 8,286 | 7,665 | 6,930 | 6,893 | 6,139 | 14,300 | -6,607 | -4,885 | - |
Interest income | |||||||||
7,978 | 3,697 | 3,103 | 4,314 | 1,798 | 1,099 | 582 | 1,289 | 834 | 888 |
Loss on early extinguishment of debt | |||||||||
- | - | - | - | - | - | - | - | -2,648 | - |
Gain on sale of investment in Eggland's BestTM | |||||||||
- | - | - | - | - | - | - | - | 4,829 | - |
Distribution from Egglands BestTM (see Note 3 and 19) | |||||||||
- | - | - | - | - | - | - | 38,343 | - | - |
Equity in income of unconsolidated entities | |||||||||
4,800 | 3,517 | 1,400 | 5,000 | 2,657 | 3,512 | 3,480 | 7,495 | 4,701 | 3,507 |
Other, net | |||||||||
2,432 | -573 | 8,012 | 268 | 2,747 | 8,795 | 2,101 | 1,738 | 2,443 | 4,110 |
Total other income, net | |||||||||
25,024 | 14,662 | 19,852 | 15,372 | 11,782 | 15,790 | 15,975 | 50,425 | 8,188 | 889 |
Income (loss) before income taxes and noncontrolling interest | |||||||||
70,805 | 117,337 | -114,294 | 487,249 | 246,549 | 161,842 | 75,568 | 139,077 | 91,671 | 103,493 |
Income tax (benefit) expense | |||||||||
15,743 | -8,859 | -39,867 | 169,202 | 84,268 | 52,035 | 24,807 | 49,110 | 33,403 | 37,961 |
Net income (loss) before noncontrolling interest | |||||||||
55,062 | 126,196 | -74,427 | 318,047 | 162,281 | 109,807 | 50,761 | 89,967 | 58,268 | 65,532 |
Less: Income (loss) attributable to noncontrolling interest | |||||||||
833 | 264 | -149 | 2,006 | 1,027 | 600 | 338 | 232 | -2,571 | -2,291 |
Net income (loss) attributable to Cal-Maine Foods, Inc. | |||||||||
54,229 | 125,932 | -74,278 | 316,041 | 161,254 | 109,207 | 50,423 | 89,735 | 60,839 | 67,823 |
Net income (loss) per common share attributable to Cal-Maine Foods, Inc.: | |||||||||
Basic (in dollars per share) | |||||||||
1.12 | 2.60 | -1.54 | 6.56 | 3.35 | 2.27 | 1.05 | 3.76 | 2.55 | 2.85 |
Diluted (in dollars per share) | |||||||||
1.12 | 2.60 | -1.54 | 6.53 | 3.33 | 2.26 | 1.05 | 3.75 | 2.54 | 2.84 |
Weighted average shares outstanding: | |||||||||
Basic (in shares) | |||||||||
48,467 | 48,353 | 48,362 | 48,195 | 48,136 | 48,095 | 47,967 | 23,875 | 23,855 | 23,812 |
Diluted (in shares) | |||||||||
48,589 | 48,468 | 48,362 | 48,365 | 48,437 | 48,297 | 48,088 | 23,942 | 23,942 | 23,877 |