Net income for Fiscal 2006 was $60.5 million or $1.23 per diluted share versus $61.3 million or $1.24 per diluted share for Fiscal 2005. The income tax charge outlined above for Q4 had the effect of increasing the effective tax rate for the year to 38.9 percent as compared to 37.5 percent for Fiscal 2005. Diluted weighted average shares outstanding were 49,381,000 for Fiscal 2006, versus 49,377,000 shares outstanding for Fiscal 2005.
The Company's Board of Directors has established July 20, 2006 as the 2006 Annual Meeting date and May 26, 2006 as the record date for such Annual Meeting.
CONFERENCE CALL: The Company is hosting a live conference call at 8:30 am (ET) on Friday March 24th. Interested parties may participate in the call by calling 1-706-634-5566 (conference leader is Steve Schneider and conference ID# is 6479722). Those interested in listening to the call on the web can do so at http://www.finishline.com under investor relations.
The Company will make available a replay of the live conference call by calling 1-706-645-9291 (Conference ID# 6479722). This replay will be available commencing at approximately 9:45 ET on Friday, March 24th and will remain available through March 27th. In addition, the replay will be available on the web at http://www.finishline.com under investor relations.
The Finish Line Inc is one of the nation's leading athletic specialty retailersoffering the best selection of footwear, apparel and accessories for men, women and kids. Finish Line is publicly traded on the NASDAQ National Market under the symbol FINL and currently operates 657 Finish Line stores in 48 states and online.
In addition, the Company also operates 52 Man Alive stores in 13 states. To learn more about The Finish Line, visit http://www.finishline.com and to learn more about Man Alive visit http://www.manalive.com.
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