Classmates.com 2005 Annual Report Download - page 109

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matter discussed above and such reserve is reflected in the consolidated financial statements, though the Company can provide no assurance that
such reserves will be adequate.
The Company is subject to various other legal proceedings and claims that arise in the ordinary course of business. Management believes
the amount and ultimate liability, if any, with respect to these actions will not materially affect the Company’s business, financial position,
results of operations or cash flows. There can be no assurance, however, that such actions will not be material or adversely affect the Company’s
business, financial position, results of operations or cash flows.
10. TRANSITION PERIOD COMPARATIVE DATA
The following table presents certain financial information for the six months ended December 31, 2003 and 2002, respectively (in
thousands, except per share amounts):
11. QUARTERLY FINANCIAL DATA (UNAUDITED) (in thousands, except per share data)
Year ended December 31, 2005:
Year ended December 31, 2004:
F- 40
Six Months Ended
December 31,
2003
2002
(unaudited)
Revenues
$
185,738
$
123,868
Income before income taxes
$
35,046
$
6,928
Provision for income taxes
$
1,719
$
692
Net income
$
33,327
$
6,236
Net income per share
—
basic
$
0.52
$
0.10
Net income per share
—
diluted
$
0.48
$
0.09
Shares used to calculate basic net income per share
64,163
60,830
Shares used to calculate diluted net income per share
69,504
66,179
Quarter Ended
December 31,
September 30,
June 30,
March 31,
Revenues
$
130,232
$
132,778
$
131,520
$
130,531
Operating income
$
22,082
$
22,634
$
20,859
$
20,985
Net income
$
12,374
$
12,594
$
10,672
$
11,487
Net income per share
—
basic
$
0.20
$
0.21
$
0.18
$
0.19
Net income per share
—
diluted
$
0.19
$
0.20
$
0.17
$
0.18
Quarter Ended
December 31,
September 30,
June 30,
March 31,
Revenues
$
119,620
$
110,704
$
110,618
$
107,675
Operating income
$
19,036
$
20,516
$
20,011
$
19,930
Net income
$
80,189
$
12,620
$
12,310
$
12,361
Net income per share
—
basic
$
1.33
$
0.21
$
0.20
$
0.20
Net income per share
—
diluted
$
1.27
$
0.19
$
0.19
$
0.18