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Financial results

By Furniture Today Staff -- Furniture Today, November 2, 2009

Earnings per share are fully diluted, and all figures in parentheses are losses or declines.

Aaron Rents

Quarter ended 9/30	2009	2008	Change
(a) Includes franchise royalties and fees of $12.9 million in the 2009 quarter, $11.1 million in the 2008 quarter, $38.9 million in the 2009 nine months and $33.1 million in the 2008 nine months. (b) Includes net losses from discontinued operations of $19,000 in the 2009 quarter and $304,000 in the 2009 nine months, and net earnings from discontinued operations of $1.2 million in the 2008 quarter and $4.3 million in the 2008 nine months.
Revenues (a)	$415,259,000	$388,020,000	7.0%
Operating income	36,009,000	34,701,000	3.8%
Net income (b)	24,636,000	21,078,000	16.9%
Earnings per share	0.45	0.39	15.4%
9 months ended 9/30	2009	2008	Change
Revenues (a)	$1,306,519,000	$1,187,714,000	10.0%
Operating income	140,035,000	112,052,000	25.0%
Net income (b)	87,537,000	69,110,000	26.7%
Earnings per share	1.60	1.28	25.0%

Ethan Allen

Quarter ended 9/30	2009	2008	Change
(a) Includes restructuring and impairment charge of $612,000 in the 2009 quarter and benefit of $1.6 million in the 2008 quarter. Also includes income tax benefit of $4.7 million in the 2009 quarter and expense of $3 million in the 2008 quarter.
Sales	$136,190,000	$205,841,000	(33.8%)
Operating income	(15,276,000)	10,581,000
Net income (a)	(13,579,000)	7,422,000
Earnings per share	(0.47)	0.26

Flexsteel Inds.

Quarter ended 9/30	2009	2008	Change
(a) Includes pretax facility consolidation costs of $1.3 million in the 2008 quarter.
Sales	$75,940,000	$91,417,000	(16.9%)
Operating income	2,415,000	366,000	559.8%
Net income (a)	1,380,000	(749,000)	—
Earnings per share	0.21	(0.11)	—

Rent-A-Center

Quarter ended 9/30	2009	2008	Change
(a) Includes expenses for amortization and writedown of intangibles of $585,000 in the 2009 quarter, $3.5 million in the 2009 quarter, $2.4 million in the 2009 nine months and $12.1 million in the 2008 nine months. Also includes restructuring expenses of $213,000 in the 2008 quarter and $3.1 million in the 2008 nine months, and a litigation credit of $4.9 million in the 2009 nine months.
Revenues	$671,251,000	$708,755,000	(5.3%)
Operating income	64,952,000	62,307,000	4.2%
Net income (a)	36,840,000	29,379,000	25.4%
Earnings per share	0.55	0.44	25.0%
9 months ended 9/30	2009	2008	Change
Revenues	$2,079,043,000	$2,184,422,000	(4.8%)
Operating income	219,301,000	225,758,000	(2.9%)
Net income (a)	124,161,000	103,478,000	20.0%
Earnings per share	1.86	1.54	20.8%

Stanley Furniture

Quarter ended 9/26	2009	2008	Change
(a) Includes restructuring charges of $1.1 million in the 2009 quarter, $5.2 million in the 2008 quarter, $1.2 million in the 2009 nine months and $5.5 million in the 2008 nine months.
Sales	$38,455,000	$54,483,000	(29.4%)
Operating income	(7,476,000)	(5,616,000)
Net income (a)	(5,073,000)	(3,489,000)
Earnings per share	(0.49)	(0.34)
9 months ended 9/26	2009	2008	Change
Sales	$120,545,000	$176,165,000	(31.6%)
Operating income	(14,629,000)	(2,587,000)
Net income (a)	(10,472,000)	(2,509,000)
Earnings per share	(1.01)	(0.24)

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