Lumber Liquidators 2008 Annual Report Download - page 71
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Quarter Ended
March 31,
2007
June 30,
2007
September 30,
2007
December 31,
2007
(in thousands, except for per share amounts)
Net Sales ......................................... $92,022 $105,725 $102,050 $105,510
Gross Profit ....................................... 30,571 34,375 34,447 35,721
Selling, General and Administrative Expenses(1) .......... 26,816 30,415 28,260 30,817
Operating Income ................................... 3,755 3,960 6,187 4,904
Net Income ........................................ $ 2,231 $ 2,345 $ 3,701 $ 3,049
Net Income per Common Share – Basic ................. $ 0.15 $ 0.16 $ 0.25 $ 0.14
Net Income per Common Share – Diluted ................ $ 0.10 $ 0.10 $ 0.16 $ 0.12
(1) Selling, General and Administrative Expenses includes $403, $2,649, ($150) and ($2,642) of variable plan
stock-based compensation expense for the quarters ended March 31, June 30, September 30, and
December 31, respectively. The quarter ended December 31, includes $2,960 of stock-based compensation
expense for an accrual related to the Variable Plan and $1,224 of stock-based compensation for the
acceleration of stock options and the recognition of the expense associated with the 2006 Regional Plan due
to the IPO.
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