CompUSA 2008 Annual Report Download - page 91

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56
11. QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly financial data is as follows (in thousands, except for per share amounts):
First Quarter Second Quarter Third Quarter Fourth Quarter (1)
2008:
Net sales $724,737 $756,035 $739,479 $812,710
Gross profit $114,680 $116,048 $116,469 $116,948
Net income $18,061 $13,541 $11,273 $9,968
Net income per common share:
Basic $.50 $.37 $.31 $.27
Diluted $.48 $.36 $.30 $.27
2007:
Net sales $676,122 $647,102 $687,317 $769,334
Gross profit $96,674 $99,318 $110,653 $119,656
Net income $13,895 $13,762 $17,644 $24,180
Net income per common share:
Basic $.39 $.38 $.49 $.67
Diluted $.37 $.37 $.47 $.64
(1) During the fourth quarter of 2007 the Company recorded a write down of certain assets in Europe of approximately $6.7
million and a reversal of certain liabilities in a domestic location of approximately $3.9 million.