Table of Contents ITEM 6, SELECTED FINANCIAL DATA Financial Summary -  We 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 prior to Fiscal 2020. See Item 8, Note 16 to our Consolidated Financial Statements included in this Annual Report on Form 10-K for additional information about discontinued operations. In thousands except per common share data, Financial Statistics and Other Data (End of Year) Fiscal Year End 2020 2019 2018 2017 2016 Results of Operations Data Net sales $ 2,197,066 $ 2,188,553 $ 2,127,547 $ 2,020,831 $ 2,046,730 Depreciation and amortization 49,574 52,161 51,533 49,943 48,815 Operating income 83,318 81,817 74,372 107,793 142,872 Earnings from continuing operations before income taxes 82,435 78,259 68,989 112,758 134,705 Earnings from continuing operations (1) 61,757 51,224 36,708 72,882 85,135 (Loss) earnings from discontinued operations, net (373 ) (103,154 ) (148,547 ) 24,549 9,434 Net earnings (loss) $ 61,384 $ (51,930) $ (111,839) $ 97,431 $ 94,569 Per Common Share Data Earnings from continuing operations Basic $ 3.97 $ 2.65 $ 1.91 $ 3.63 $ 3.72 Diluted 3.94 2.63 1.90 3.61 3.70 Discontinued operations Basic (0.02) (5.33) (7.73) 1.22 0.41 Diluted (0.02 ) (5.29 ) (7.70 ) 1.22 0.41 Net earnings (loss) Basic 3.95 (2.68 ) (5.82 ) 4.85 4.13 Diluted 3.92 (2.66) (5.80) 4.83 4.11 Balance Sheet and Cash Flow Data Total assets $ 1,680,478 $ 1,181,081 $ 1,315,353 $ 1,440,999 $ 1,540,057 Long-term debt (2) 14,393 65,743 88,385 82,905 111,765 Non-redeemable preferred stock 1,009 1,060 1,052 1,060 1,077 Common equity 618,334 736,491 828,122 919,993 954,079 Capital expenditures 29,767 41,780 98,609 74,925 76,982 Financial Statistics Operating income as a percent of net sales 3.8% 3.7% 3.5% 5.3% 7.0% Book value per share (common equity divided by common shares outstanding) $ 42.07 $ 38.55 $ 41.61 $ 46.31 $ 43.70 Working capital$^{(3)}$ (in thousands) $ 146,248 $ 454,817 $ 438,020 $ 407,587 $ 447,504 Current ratio (3) 1.4 2.6 2.7 2.3 2.4 Percent long-term debt to total capitalization 2.3% 8.2% 9.6% 8.2% 10.5% Other Data (End of Year) Number of retail outlets (4) 1,480 1,512 1,535 1,554 1,520 Number of employees 22,050 21,000 20,900 21,200 19,000 27