Restoration Hardware, Inc (RSTO) - Description of business

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Company Description
day of the registrant’s most recently completed fiscal second quarter (July 30, 2005), was approximately $305 million. For purposes of this calculation, the registrant has assumed that only shares beneficially held by executive officers and directors of the registrant are deemed shares held by affiliates of the registrant. This assumption of affiliate status is not necessarily a conclusive determination of affiliate status for any other purpose. 37,773,289 shares of the registrant’s common stock were outstanding on March 30, 2006.

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