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Form 8-K/A Vera Bradley, Inc. For: Dec 11

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December 11, 2014 8:48 AM EST


�

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K/A
(Amendment No. 1)
___________________________
�
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December�11, 2014
___________________________�
VERA BRADLEY, INC.
(Exact name of registrant as specified in its charter)
___________________________
�
Indiana
�
001-34918
�
27-2935063
(State or Other Jurisdiction
of Incorporation)
�
(Commission
File Number)
�
(IRS Employer
Identification No.)
�
12420 Stonebridge Road,
Roanoke, Indiana
�
46783
(Address of Principal Executive Offices)
�
(Zip Code)
(877) 708-8372
(Registrants telephone number, including area code)
None
(Former name, former address and former fiscal year, if changed since last report)
___________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
�
�
�
�
�
o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
�
�
�
�
�
o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
�
�
�
�
�
o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
�




Item�9.01 Financial Statements and Exhibits
A Supplemental Statements of Income Fiscal 2014 schedule was included in the Form 8-K (as Exhibit 99.1) previously filed on December 10, 2014.�The attached updated Supplemental Statements of Income Fiscal 2014 schedule has been adjusted for the reclassification of facility fee interest expense (related to the Companys revolving credit agreement) from selling, general and administrative expenses to interest expense to conform with the current year income statement presentation.
(d) Exhibits
99.1
�
Supplemental Statements of Income Fiscal 2014





SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
�
�
�
�
�
�
�
�
�
Vera Bradley, Inc.
�
�
�
�
(Registrant)
�
�
�
Date: December 11, 2014
�
�
�
/s/ Kevin J. Sierks
�
�
�
�
Kevin J. Sierks
Executive Vice President  Chief Financial Officer





Exhibit 99.1

Vera Bradley, Inc.
Supplemental Statements of Income Fiscal 20141�
(in thousands, except per share amounts)
(unaudited)
�
�
Thirteen Weeks Ended
�
Fifty-Two Weeks Ended
�
�
May 4,
2013
�
August 3,
2013
�
November 2,
2013
�
February 1,
2014
�
February 1,
2014
Net revenues
�
$
121,559

�
$
123,969

�
$
128,949

�
$
156,419

�
$
530,896

Cost of sales
�
54,085

�
53,105

�
57,710

�
73,784

�
238,683

Gross profit
�
67,474

�
70,864

�
71,239

�
82,635

�
292,213

Selling, general, and administrative expenses
�
54,015

�
47,111

�
47,565

�
52,540

�
201,232

Other income
�
1,951

�
630

�
1,027

�
1,168

�
4,776

Operating income from continuing operations
�
15,410

�
24,383

�
24,701

�
31,263

�
95,757

Interest expense, net
�
204

�
127

�
139

�
101

�
571

Income from continuing operations before income taxes
�
15,206

�
24,256

�
24,562

�
31,162

�
95,186

Income tax expense
�
5,860

�
9,034

�
8,905

�
11,258

�
35,057

Income from continuing operations
�
9,346

�
15,222

�
15,657

�
19,904

�
60,129

Discontinued operations, net of income taxes
�
(157
)
�
(271
)
�
(431
)
�
(458
)
�
(1,317
)
Net income
�
$
9,189

�
$
14,951

�
$
15,226

�
$
19,446

�
$
58,812

Basic weighted-average shares outstanding
�
40,580

�
40,603

�
40,605

�
40,606

�
40,599

Diluted weighted-average shares outstanding
�
40,624

�
40,623

�
40,652

�
40,694

�
40,648

Net income (loss) per share - basic
�
�
�
�
�
�
�
�
�
�
Continuing operations
�
$
0.23

�
$
0.37

�
$
0.39

�
$
0.49

�
$
1.48

Discontinued operations
�


�
(0.01
)
�
(0.01
)
�
(0.01
)
�
(0.03
)
Net income
�
$
0.23

�
$
0.37

�
$
0.37

�
$
0.48

�
$
1.45

Net income (loss) per share - diluted
�
�
�
�
�
�
�
�
�
�
Continuing operations
�
$
0.23

�
$
0.37

�
$
0.39

�
$
0.49

�
$
1.48

Discontinued operations
�


�
(0.01
)
�
(0.01
)
�
(0.01
)
�
(0.03
)
Net income
�
$
0.23

�
$
0.37

�
$
0.37

�
$
0.48

�
$
1.45

�
�
�
�
�
�
�
�
�
�
�
1On June 4, 2014, the Company entered into a five-year agreement with Mitsubishi Corporation and Look Inc. to import and distribute Vera Bradley products in Japan. As a result of moving to this wholesale business model, the Company exited its direct retail business in Japan in the third quarter. The supplemental schedule provided above recasts the Company's four quarters and year-to-date fiscal 2014 income statements to present the Japan results as discontinued operations.




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