Nautilus 2008 Annual Report Download - page 74

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Table of Contents
The following table summarizes the impact of infrequent and unusual charges included in the Company’s Quarterly Results of Operations table
above:
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
70
Quarter Ended
(In thousands)
March 31
June 30
September 30
December 31
Total
2008
Gross profit
Severance and employee termination
$
187
$
102
$
481
$
654
$
1,424
Tulsa manufacturing closing costs
—
—
1,774
969
2,743
Discontinued inventory and warranty costs
—
1,500
3,688
556
5,744
China inventory reserve
—
—
—
1,023
1,023
187
1,602
5,943
3,202
10,934
Operating Loss
Goodwill impairment charge
—
—
—
29,755
29,755
Restructuring charges
10,668
2,450
300
568
13,986
Stairmaster trade name impairment charge
—
—
—
1,100
1,100
China accounts receivable reserve
—
—
—
1,490
1,490
China asset impairments
—
—
—
1,328
1,328
Deferred financing costs
—
—
1,055
—
1,055
Bad debt
—
600
543
1,333
2,476
Legal and contract settlement costs
—
1,125
(417
)
1,300
2,008
Shareholder action costs
—
565
—
—
565
Other
—
300
1,126
943
2,369
10,668
5,040
2,607
37,817
56,132
$
10,855
$
6,642
$
8,550
$
41,019
$
67,066
2007
Gross profit
Discontinued inventory and warranty costs
$
—
$
—
$
900
$
16,000
$
16,900
Severance and employee termination
—
—
—
148
148
Other
—
(
40
)
—
—
(
40
)
(40
)
900
16,148
17,008
Operating Loss
ICON litigation settlement
—
(
18,300
)
—
—
(
18,300
)
Restructuring charges
200
—
2,312
24,241
26,753
Bad debt
—
—
4,800
—
4,800
Shareholder action costs
—
—
—
2,667
2,667
Other
—
(
960
)
—
—
(
960
)
200
(19,260
)
7,112
26,908
14,960
$
200
$
(19,300
)
$
8,012
$
43,056
$
31,968