Radio Shack 2009 Annual Report Download - page 88

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81
Three Months Ended
(In millions, except per share amounts) Mar. 31 Jun. 30 Sep. 30 Dec. 31
Year ended December 31, 2008:
Net sales and operating revenues (1) $ 949.0 $ 994.9 $ 1,021.9 $ 1,258.7
Cost of products sold 499.4 525.5 544.5 732.4
Gross profit 449.6 469.4 477.4 526.3
SG&A expense (2) 362.4 375.4 370.4 401.6
Depreciation and amortization 22.4 22.1 21.5 21.9
Impairment of long-lived assets 0.6 0.6 0.6 1.0
Total operating expenses 385.4 398.1 392.5 424.5
Operating income 64.2 71.3 84.9 101.8
Interest income 3.6 3.4 3.9 3.7
Interest expense (7.1) (6.7) (9.3) (11.8)
Other loss (1.5) (0.6) (0.1) (0.2)
Income before taxes 59.2 67.4 79.4 93.5
Income tax expense 20.4 26.0 30.3 33.4
Net income $ 38.8 $ 41.4 $ 49.1 $ 60.1
Net income per share:
Basic and diluted $ 0.30 $ 0.32 $ 0.38 $ 0.48
Shares used in computing income per
share:
Basic 131.2 131.2 128.4 125.2
Diluted 131.3 131.2 128.8 125.2
(1) In the third quarter of 2008, we recorded $12.2 million in previously deferred revenue.
(2) The second quarter of 2008 includes net charges aggregating $12.1 million associated with the amended lease for
our corporate headquarters.
The sum of the quarterly net income per share amounts may not total to each full year amount because
these computations are made independently for each quarter and for the full year and take into account the
weighted average number of common stock equivalent shares outstanding for each period, including the
effect of dilutive securities for that period.