Nautilus 2001 Annual Report Download - page 29

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OTHER INCOME
In 2000, other income increased to $4.0 million from $1.0 million in 1999. The $3.0 million increase resulted primarily from interest earned on
invested cash and cash equivalents.
INCOME TAX EXPENSE
Income tax expense increased by $11.9 million in 2000 compared to 1999.
NET INCOME
For the reasons discussed above, net income increased 104.6 % to $41.6 million in 2000 compared to $20.3 million in 1999. As a percentage of
net sales, our net income was markedly higher in 2000 at 18.6%, compared with 15.3% in 1999.
QUARTERLY RESULTS OF OPERATIONS
The following table presents our operating results for each of the eight quarters in the period ended December 31, 2001. The information for
each of these quarters is unaudited and has been prepared on the same basis as the audited financial statements appearing elsewhere in this
Annual Report on Form 10-K. In the opinion of management, all necessary adjustments, consisting only of normal recurring adjustments, have
been included to present fairly the unaudited quarterly results when read together with our audited financial statements and the related notes.
These operating results are not necessarily indicative of the results of any future period. Given our acquisition strategy, we expect heightened
seasonality in our business. We expect sales in the second quarter to be weakest while the first and fourth quarter should be our strongest. The
fourth quarter should be stronger than the first quarter.
2002. EDGAR Online, Inc.