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Financial Results

By Furniture Today Staff -- Furniture Today, November 2, 2008

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

Flexsteel Inds.
	Quarter ended 9/30	2008	2007
Sales	$91,416,883	$100,900,363	(9.4%)
Operating income	366,449	2,200,458	(83.3%)
Net income	(749,254)	1,182,650	—
Earnings per share	(0.11)	0.18	—

Flexsteel Inds.
Aaron Rents
Quarter ended 9/30	2008	2007	Change
(a) Includes franchise royalties and fees of $11.1 million in the 2008 quarter, $8.9 million in the 2007 quarter, $33 million in the 2008 nine months and $28.3 million in the 2007 nine months. (b) Based on average shares outstanding of 54.2 million in the 2008 quarter and nine months and 55 million in the 2007 quarter and nine months.
Revenues (a)	$388,019,000	$333,716,000	16.3%
Operating income	34,630,000	24,326,000	42.4%
Net income	21,078,000	15,919,000	32.4%
Earnings per share (b)	0.39	0.29	34.5%
9 months ended 9/30	2008	2007	Change
Revenues (a)	$1,187,714,000	$1,030,277,000	15.3%
Operating income	111,840,000	99,740,000	12.1%
Net income	69,110,000	64,783,000	6.7%
Earnings per share (b)	1.28	1.18	8.5%

Select Comfort
Quarter ended 9/27	2008	2007	Change
(a) Includes asset impairment charges of $1.5 million in the 2008 quarter, $2.5 million in the 2008 nine months, and $198,000 in the 2007 quarter and nine months.
Sales	$157,231,000	$213,070,000	(26.2%)
Operating income	4,091,000	20,565,000	(80.1%)
Net income (a)	983,000	11,863,000	(91.7%)
Earnings per share	0.02	0.26	(92.3%)
9 months ended 9/27	2008	2007	Change
Sales	$477,451,000	$608,570,000	(21.5%)
Operating income	(14,628,000)	45,136,000	—
Net income (a)	(12,741,000)	25,452,000	—
Earnings per share	(0.29)	0.52	—

Tempur-Pedic
Quarter ended 9/30	2008	2007	Change
(a) Based on average shares outstanding of 75 million in the 2008 quarter and nine months, 79.1 million in the 2007 quarter, and 83.1 million in the 2007 nine months.
Sales	$252,814,000	$294,094,000	(14.0%)
Operating income	42,891,000	67,549,000	(36.5%)
Net income	24,071,000	38,818,000	(38.0%)
Earnings per share (a)	0.32	0.49	(34.7%)
9 months ended 9/30	2008	2007	Change
Sales	$738,697,000	$817,768,000	(9.7%)
Operating income	108,543,000	176,433,000	(38.5%)
Net income	57,813,000	101,529,000	(43.1%)
Earnings per share (a)	0.77	1.22	(36.9%)

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