Nautilus 2009 Annual Report Download - page 63

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Table of Contents
(18) SUPPLEMENTARY INFORMATION—QUARTERLY RESULTS OF OPERATIONS (unaudited)
The following table summarizes the Company’s unaudited quarterly financial data for 2009 and 2008:
The following table summarizes the impact of certain items included in the Company’s quarterly results of continuing operations:
59
QUARTER ENDED
(In thousands, except per share amounts)
March 31
June 30
September 30
December 31
Total
2009:
Net sales
$
54,055
40,102
$
41,431
$
53,672
189,260
Gross profit
30,304
19,809
20,281
26,121
96,515
Operating loss
(3,715
)
(14,922
)
(2,822
)
(7,746
)
(29,205
)
Income (loss) from continuing operations
(5,424
)
(14,678
)
(1,523
)
3,015
(18,610
)
Income (loss) from discontinued operations, net of tax
(8,395
)
(6,093
)
(22,895
)
2,696
(34,687
)
Net income (loss)
(13,819
)
(20,771
)
(24,418
)
5,711
(53,297
)
Income (loss) per share, basic and diluted
$
(0.45
)
(0.68
)
$
(0.80
)
$
0.19
(1.74
)
2008:
Net sales
$
95,917
61,236
$
62,656
$
63,903
283,712
Gross profit
50,014
27,970
29,130
28,668
135,782
Operating loss
(5,744
)
(10,574
)
(5,672
)
(35,502
)
(57,492
)
Loss from continuing operations
(4,578
)
(6,665
)
(22,221
)
(19,133
)
(52,597
)
Loss from discontinued operations, net of tax
(1,782
)
(2,211
)
(11,897
)
(22,101
)
(37,991
)
Net loss
(6,360
)
(8,876
)
(34,118
)
(41,234
)
(90,588
)
Loss per share:
Basic and diluted
$
(0.20
)
(0.28
)
$
(1.11
)
$
(1.35
)
(2.91
)
Quarter Ended
(In thousands)
March 31
June 30
September 30
December 31
Total
2009
Operating Loss
Restructuring charges
$
2,049
$
11,796
$
201
$
105
14,151
Intangible asset impairment charges
—
—
2,101
3,803
5,904
Writeoff of deferred financing costs
—
223
—
406
629
Legal and contract settlement costs
(750
—
(
200
)
200
(750
)
$
1,299
$
12,019
$
2,102
$
4,514
19,934
2008
Operating Loss
Restructuring charges
$
10,634
$
2,436
$
300
$
568
13,938
Goodwill impairment charge
—
—
—
29,755
29,755
Writeoff of deferred financing costs
—
—
1,055
—
1,055
Legal and contract settlement costs
—
1,125
106
1,300
2,531
Shareholder action costs
—
565
—
—
565
$
10,634
$
4,126
$
1,461
$
31,623
47,844