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  
   

 

 

   

 

 

 

us-gaap:RestatementToPriorYearIncomeTextBlock