Lifetime Fitness 2009 Annual Report Download - page 76

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LIFE TIME FITNESS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Table amounts in thousands, except share and per share data)
71
13. Quarterly Financial Data (Unaudited)
The following is a condensed summary of actual quarterly results of operations for 2009 and 2008:
2008 2009
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
1st
Quarter
2nd
Quarter
3rd
Quarter
4th
Quarter
Total revenue ....... $184,451 $192,407 $198,809 $193,954 $206,434 $212,549 $214,320 $203,698
Income from
operations (1) ....... 36,016 39,878 42,123 29,337 32,503 38,270 39,982 38,106
Net income........... 17,404 19,828 21,574 13,015 15,114 18,260 20,633 18,377
Earnings per
share (2)..........
Basic (3)............... $0.45 $0.51 $0.55 $0.33 $0.39 $0.46 $0.52 $0.47
Diluted (3) ........... 0.44 0.50 0.55 0.33 0.38 0.46 0.51 0.46
(1) Total operating expenses in the fourth quarter of 2008 include expenses totaling $5.0 million associated
with plans to slow the development of new centers. These expenses include severance costs, lower-of-cost-
or-market adjustments in connection with assets held for sale and write-offs associated with land
development cancelled in the fourth quarter of 2008.
(2) See Note 2 for discussion on the computation of earnings per share.
(3) The basic and diluted earnings per share by quarter include the impact of rounding within each quarter.