| Income Statement for Gander Mountain Company (GMTN) | | | | | | | Income | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | | | Operating Revenue | 969,403 | 911,438 | 804,474 | 642,140 | | Adjustments to Revenue | - | - | - | - | | Cost of Revenue | (701,060) | (663,893) | (593,275) | (467,449) | | Gross Operating Profit | 268,343 | 247,545 | 211,199 | 174,691 | | | Selling/General/Admin Expense | (252,073) | (211,134) | (194,646) | (155,771) | | Research & Development | - | - | - | - | | EBITDA | 16,270 | 36,411 | 16,553 | 18,920 | | Depreciation & Amortization | (27,589) | (22,829) | (18,754) | (12,213) | | EBIT | (11,319) | 13,582 | (2,201) | 6,707 | | Interest Income | - | - | - | - | | Other Income, Net | - | (9,037) | - | - | | Total Income Avail For Interest Expense | (11,319) | 5,945 | (2,201) | 6,707 | | Interest Expense | (19,745) | (19,187) | (11,106) | (5,137) | | Pre-Tax Income | (31,064) | (13,242) | (13,307) | 1,570 | | Income Taxes | (750) | - | - | - | | Minority Interest | - | - | - | - | | Net Income from Continuing Operations | (31,814) | (13,242) | (13,307) | 1,570 | | Net Income from Discontinued Operations | - | - | - | - | | Net Income from Total Operations | (31,814) | (13,242) | (13,307) | 1,570 | | | Normalized Income | (31,814) | (14,642) | (13,307) | 1,570 | | Extraordinary Income | - | - | - | - | | Special Income/Charges | - | 1,400 | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | | Other Gains | - | - | - | - | | Total Net Income | (31,814) | (13,242) | (13,307) | 1,570 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | 4,305 | | | Basic EPS from Continuing Operations | -1.52 | -0.88 | -0.93 | -0.25 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -1.52 | -0.88 | -0.93 | -0.25 | | | Diluted EPS from Continuing Operations | -1.52 | -0.88 | -0.93 | -0.25 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -1.52 | -0.88 | -0.93 | -0.25 | | | |
