Rosetta Stone 2009 Annual Report Download - page 111

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Table of Contents
ROSETTA STONE INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
19. SUPPLEMENTAL QUARTERLY FINANCIAL INFORMATION (Unaudited)
Summarized quarterly supplemental consolidated financial information for 2009 and 2008 are as follows (in thousands, except per share amounts):
Quarter Ended
March 31, June 30, September 30, December 31,
2009
Revenue $ 50,284 $ 56,460 $ 67,216 $ 78,311
Gross profit $ 43,857 $ 48,758 $ 58,208 $ 68,021
Net income (loss)(a) $ 3,195 $ (7,292) $ 5,303 $ 12,157
Basic income per share(a) $ 1.65 $ (0.42) $ 0.26 $ 0.60
Shares used in basic per share computation 1,939 17,370 20,177 20,216
Diluted income per share(a) $ 0.19 $ (0.42) $ 0.25 $ 0.58
Shares used in diluted per share computation 17,095 17,370 20,988 20,968
2008
Revenue $ 35,585 $ 47,742 $ 59,803 $ 66,250
Gross profit $ 31,049 $ 41,197 $ 51,227 $ 57,231
Net income (loss) $ (432) $ 3,361 $ 6,021 $ 4,942
Basic income per share $ (0.23) $ 1.77 $ 3.13 $ 2.55
Shares used in basic per share computation 1,864 1,899 1,921 1,936
Diluted income per share $ (0.23) $ 0.20 $ 0.36 $ 0.29
Shares used in diluted per share computation 1,864 16,827 16,931 17,043
The second quarter of 2009 contained an IPO-related $18.8 million expense, consisting of $18.5 million in stock-based compensation
expense and $0.3 million in payoll tax expense, related to common stock grants awarded to key employees equal to a total of 591,491
shares.
(a)
F-35