Items Impacting ComparabilityDuring the second quarter of fiscal 2012, the Company completed a public offering of common stock impacting the comparability of both the quarterly and first half fiscal 2012 results to the corresponding results in fiscal 2011. Transaction expenses related to the offering, which in general are not tax deductible, are included in selling, general and administrative expense and totaled approximately $0.5 million, resulting in a reduction in earnings per share of approximately $0.01 per share on a diluted basis. The costs associated with the offering include legal, printing, accounting and filing fees and expenses as well as other charges directly related to the offering. Additionally, as it relates to first half fiscal 2012 and fiscal 2011 comparisons, the Company completed a public offering of common stock during the first quarter of fiscal 2011 and incurred approximately $1.1 million in transaction expenses, resulting in a reduction in earnings per share of approximately $0.02 per share on a diluted basis.
The Fresh Market, Inc. Reports Second Quarter And First Half Fiscal 2012 Earnings
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