All per share data in this release is presented on a pre-split basis. Fourth Quarter Highlights: • Net sales increased 6.6 percent to $639.3 million, as compared to $599.6 million in the fourth quarter of fiscal 2006. Fiscal 2006 includes 53 weeks and compares to a 52-week period in fiscal 2005, with the additional week occurring in the fourth quarter of fiscal 2006. The 53rd week increased net sales by $22.5 million and was not material to net earnings in the fourth quarter of 2006. • Net earnings were $13.6 million, or $0.46 per diluted share, inclusive of (i) $0.09 per diluted share in earnings enhancement plan costs; (ii) $0.12 per diluted share in charges related to environmental remediation activities at its Denver, Colorado property; and (iii) $0.03 per diluted share in costs related to the exit of its Bass license. This compares to net earnings of $13.4 million, or $0.47 per diluted share, in the fourth quarter of fiscal 2005 inclusive of (i) $0.09 per diluted share in tax provisions due to the repatriation of foreign earnings; and (ii) $0.15 per diluted share in charges related to the closure of underperforming Naturalizer stores. • Adjusted net earnings, excluding the above items, were $20.6 million, or $0.70 per diluted share, inclusive of $0.04 per diluted share for stock option expense, as compared to fourth quarter fiscal 2005 adjusted net earnings of $20.0 million, or $0.71 per diluted share (an increase of 4.5 percent, inclusive of footnote option expense in 2005).
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