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Table of Contents
NAUTILUS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
See accompanying notes to consolidated financial statements
30
Year Ended December 31,
2012 2011 2010
Net sales
$
193,926
$
180,412
$
168,450
Cost of sales
102,889
101,953
91,704
Gross profit
91,037
78,459
76,746
Operating expenses:
Selling and marketing
58,617
54,494
64,039
General and administrative
17,669
17,143
19,371
Research and development
4,163
3,223
2,905
Total operating expenses
80,449
74,860
86,315
Operating income (loss)
10,588
3,599
(9,569
)
Other income (expense):
Interest income
18
65
15
Interest expense
56
(466
)
(140
)
Other
(246
)
(11
)
464
Total other (expense) income
(172
)
(412
)
339
Income (loss) from continuing operations before income taxes
10,416
3,187
(9,230
)
Income tax (benefit) expense
(226
)
686
588
Income (loss) from continuing operations
10,642
2,501
(9,818
)
Discontinued operation:
Income (loss) from discontinued operation before income taxes
6,007
(1,065
)
(12,924
)
Income tax (benefit) expense of discontinued operation
(234
)
16
99
Income (loss) from discontinued operation
6,241
(1,081
)
(13,023
)
Net income (loss)
$
16,883
$
1,420
$
(22,841
)
Income (loss) per share from continuing operations:
Basic
$
0.34
$
0.08
$
(0.32
)
Diluted
0.34
0.08
(0.32
)
Income (loss) per share from discontinued operation:
Basic
$
0.21
$
(0.03
)
$
(0.42
)
Diluted
0.21
(0.03
)
(0.42
)
Net income (loss) per share:
Basic
$
0.55
$
0.05
$
(0.74
)
Diluted
0.55
0.05
(0.74
)
Weighted average shares outstanding:
Basic
30,851
30,746
30,744
Diluted
30,974
30,776
30,744