| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Net Sales | ||||||
2,045,456 | 1,709,848 | 1,384,767 | 1,050,759 | 784,012 | 584,588 | |
Cost of sales | ||||||
1,182,442 | 1,007,580 | 812,203 | 621,497 | 471,390 | 355,051 | |
Gross profit | ||||||
863,014 | 702,268 | 572,564 | 429,262 | 312,622 | 229,537 | |
Operating expenses: | ||||||
Selling and store operating | ||||||
546,853 | 439,495 | 353,647 | 271,876 | 202,637 | 146,485 | |
General and administrative | ||||||
132,386 | 105,327 | 84,661 | 64,025 | 49,917 | 38,984 | |
Pre-opening | ||||||
24,594 | 26,145 | 16,485 | 13,732 | 7,380 | 7,412 | |
Litigation settlement | ||||||
- | - | - | -10,500 | - | 0 | |
Executive severance | ||||||
- | - | - | - | 296 | 2,975 | |
Total operating expenses | ||||||
703,833 | 570,967 | 454,793 | 360,133 | 260,230 | 195,856 | |
Operating income | ||||||
159,181 | 131,301 | 117,771 | 69,129 | 52,392 | 33,681 | |
Interest expense, net | ||||||
8,801 | 8,917 | 13,777 | 12,803 | 9,386 | 8,949 | |
Loss on extinguishment of debt | ||||||
- | - | -5,400 | -1,813 | - | 0 | |
Income before income taxes | ||||||
150,380 | 122,384 | 98,552 | 54,513 | 43,006 | 24,732 | |
Provision for income taxes | ||||||
-251 | 6,197 | -4,236 | 11,474 | 16,199 | 9,634 | |
Net income | ||||||
150,631 | 116,187 | 102,788 | 43,039 | 26,807 | 15,098 | |
Change in fair value of hedge instruments, net of tax, post-adoption | ||||||
-379 | 391 | -381 | - | - | - | |
Total comprehensive income | ||||||
150,252 | 116,578 | 102,407 | - | - | - | |
Basic earnings per share | ||||||
1.51 | 1.20 | 1.13 | 0.52 | 0.32 | 0.18 | |
Diluted earnings per share | ||||||
1.44 | 1.11 | 1.03 | 0.49 | 0.31 | 0.18 | |