Nautilus 2001 Annual Report Download - page 37

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INDEPENDENT AUDITORS' REPORT
Board of Directors and Stockholders
of Direct Focus, Inc.:
We have audited the accompanying consolidated balance sheets of Direct Focus, Inc. and subsidiaries as of December 31, 2000 and 2001, and
the related consolidated statements of income, stockholders' equity and comprehensive income, and of cash flows for each of the three years in
the period ended December 31, 2001. Our audits also included the financial statement schedule at
Item 14. These financial statements and financial statement schedule are the responsibility of the Company's management. Our responsibility is
to express an opinion on the financial statements and financial statement schedule based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Direct Focus, Inc. and
subsidiaries at December 31, 2000 and 2001 and the results of their operations and their cash flows for each of the three years in the period
ended December 31, 2001 in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion,
such financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a whole, presents fairly in
all material respects the information set forth therein.
DELOITTE & TOUCHE LLP
Portland, Oregon
January 21, 2002 (February 8, 2002 as to Note 17)
35
2002. EDGAR Online, Inc.