Supercuts 2005 Annual Report Download - page 98

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QUARTERLY FINANCIAL DATA
(Unaudited)
(a)
The summation of quarterly net income per share does not equate to the calculation for the full fiscal year as quarterly calculations are
performed on a discrete basis.
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A.
Other Information
Evaluation of Disclosure Controls and Procedures
The Company has designed and maintains disclosure controls and procedures that are designed to ensure that information required to be
disclosed in its Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the Securities and
Exchange Commission’s rules and forms, and that such information is accumulated and communicated to management, including the chief
executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. Management necessarily
applied its judgment in assessing the costs and benefits of such controls and procedures, which, by their nature, can provide only reasonable
assurance regarding management’s control objectives.
With the participation of management, the Company’s chief executive officer and chief financial officer evaluated the effectiveness of the
design and operation of the Company’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b) at the conclusion of the
period ended June 30, 2005. Based upon this evaluation, the chief executive officer and chief financial officer concluded that the Company’s
disclosure controls and procedures were effective.
97
Quarter Ended
Year
September 30
December 31
March 31
June 30
Ended
(Dollars in thousands, except per share amounts)
2005
Revenues
$
506,222
$
537,332
$
557,264
$
593,476
$
2,194,294
Gross margin, including site depreciation
230,980
243,488
253,163
273,377
1,001,008
Operating income
42,747
44,598
1,346
49,199
137,890
Net income (loss)
25,192
26,484
(16,550
)
29,505
64,631
Net income (loss) per share
0.57
0.59
(0.37
)
0.66
1.45
Net income (loss) per diluted share
0.54
0.57
(0.37
)
0.64
1.39
(a)
Dividends declared per share
0.04
0.04
0.04
0.04
0.16
Quarter Ended
Year
September 30
December 31
March 31
June 30
Ended
(Dollars in thousands, except per share amounts)
2004
Revenues
$
460,721
$
472,452
$
481,373
$
508,597
$
1,923,143
Gross margin, including site depreciation
210,306
218,243
218,580
231,931
879,060
Operating income
42,864
46,748
43,612
45,524
178,748
Net income
24,649
27,536
25,243
26,790
104,218
Net income per basic share
0.56
0.63
0.57
0.61
2.37
Net income per diluted share
0.54
0.60
0.54
0.58
2.26
Dividends declared per share
0.03
0.03
0.04
0.04
0.14