Table of Contents ITEM 6, SELECTED FINANCIAL DATA 25 In Thousands except per common share data, Financial Statistics and Other Data (End of Year) Fiscal Year End 2019 2018 2017 2016 2015 Results of Operations Data Net sales $ 2,188,553 $ 2,127,547 $ 2,020,831 $ 2,046,730 $ 1,957,183 Depreciation and amortization 52,161 51,533 49,943 48,815 44,615 Earnings from operations (1) 81,817 74,372 107,793 142,872 117,588 Earnings from continuing operations before income taxes 78,259 68,989 112,758 134,705 104,901 Earnings from continuing operations 51,224 36,708 72,882 85,135 66,373 (Loss) earnings from discontinued operations, net (103,154 ) (148,547 ) 24,549 9,434 31,352 Net earnings (loss) $ (51,930) $ (111,839) $ 97,431 $ 94,569 $ 97,725 Per Common Share Data Earnings from continuing operations Basic $ 2.65 $ 1.91 $ 3.63 $ 3.72 $ 2.82 Diluted 2.63 1.90 3.61 3.70 2.80 Discontinued operations Basic (5.33) (7.73) 1.22 0.41 1.34 Diluted (5.29 ) (7.70 ) 1.22 0.41 1.32 Net earnings (loss) Basic (2.68 ) (5.82 ) 4.85 4.13 4.16 Diluted (2.66) (5.80) 4.83 4.11 4.12 Balance Sheet and Cash Flow Data Total assets $ 1,181,081 $ 1,315,353 $ 1,440,999 $ 1,540,057 $ 1,578,991 Long-term debt (2) 65,743 88,385 82,905 111,765 28,958 Non-redeemable preferred stock 1,060 1,052 1,060 1,077 1,274 Common equity 736,491 828,122 919,993 954,079 995,533 Capital expenditures 41,780 98,609 74,925 76,982 64,109 Financial Statistics Earnings from operations as a percent of net sales 3.7% 3.5% 5.3% 7.0% 6.0% Book value per share (common equity divided by common shares outstanding) $ 38.55 $ 41.61 $ 46.31 $ 43.70 $ 41.43 Working capital (in thousands) $ 454,817 $ 438,020 $ 407,587 $ 447,504 $ 413,449 Current ratio 2.6 2.7 2.3 2.4 2.0 Percent long-term debt to total capitalization 8.2% 9.6% 8.2% 10.5% 2.8% Other Data (End of Year) Number of retail outlets (3) 1,512 1,535 1,554 1,520 1,460 Number of employees 21,000 20,900 21,200 19,000 18,475 Financial Summary -  The Company completed the sale of Lids Sports Group on February 2, 2019. The operating results in the table below have been adjusted to reflect Lids Sports Group in discontinued operations for all periods presented. See Item 8, Note 3 to the Company's Consolidated Financial Statements included in this Annual Report on Form 10-K for additional information about discontinued operations.