Rosetta Stone 2011 Annual Report Download - page 121
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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 2011 and 2010 are as follows (in thousands, except per share amounts):
Three Months Ended
March 31, June 30, September 30, December 31,
2011
Revenue $ 56,978 $ 66,743 $ 64,202 $ 80,527
Gross profit $ 45,516 $ 55,223 $ 52,893 $ 65,702
Net income (loss) $ (9,281) $ (4,550) $ (1,177) $ (4,979)
Basic loss per share $ (0.45) $ (0.22) $ (0.06) $ (0.24)
Shares used in basic per share computation 20,675 20,716 20,780 20,920
Diluted loss per share $ (0.45) $ (0.22) $ (0.06) $ (0.24)
Shares used in diluted per share computation 20,675 20,716 20,780 20,920
2010
Revenue $ 63,014 $ 60,648 $ 60,926 $ 74,280
Gross profit $ 54,372 $ 53,046 $ 50,497 $ 61,954
Net income (loss) $ 5,005 $ 3,699 $ (385) $ 4,965
Basic income per share $ 0.25 $ 0.18 $ (0.02) $ 0.24
Shares used in basic per share computation 20,258 20,346 20,490 20,652
Diluted income per share $ 0.24 $ 0.17 $ (0.02) $ 0.23
Shares used in diluted per share computation 21,060 21,220 20,490 21,265
20. SUBSEQUENT EVENTS
On January 9, 2012, the Board of Directors of Rosetta Stone Inc. (the "Company") granted to certain executive officers and other key executives of the
Company ("Executive") a special retention cash bonus and shares of restricted common stock of the Company. The special retention cash bonus will be paid
to Executives in a single payment no later than January 31, 2013, in each case contingent upon the applicable Executive remaining an employee of the
Company or one of its subsidiaries until December 31, 2012, or the earlier termination of the applicable Executive's employment by the Company or one of its
subsidiaries without cause. The special retention restricted common stock of the Company will vest 50% on January 1, 2013, and 50% on January 1, 2014.
The award of shares of restricted stock of the Company is subject to accelerated vesting upon the termination of an Executive's employment by the Company
or one of its subsidiaries without cause. The objective of the retention awards is to provide an incentive for the Executives to remain with, and provide
valuable leadership
F-40