STEIN MART INC | 2013 | FY | 3


The net effect of the adjustments on the Consolidated Statements of Income was to increase Net income by $0.1 million and $7.9 million for the years ended January 28, 2012 and January 29, 2011, respectively.

 

                 
Increase (decrease) in Net income:   2011     2010  
     

Inventory markdowns

  $ 655     $ (707

Leasehold improvement costs

    1,937       2,037  

Compensated absences

    (134     429  

Other

    (2,283     47  
   

 

 

   

 

 

 

Total adjustments before tax

    175       1,806  

Income tax expense (benefit) from adjustments

    72       (6,127
   

 

 

   

 

 

 

Increase in Net income

  $ 103     $ 7,933  
   

 

 

   

 

 

 

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