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82
18.Quarterly Financial Data (Unaudited)
Twelve Months Ended March 31, 2005
Quarter Ended
June 30,
2004
Sept. 30,
2004
Dec. 31,
2004
March 31,
2005
Fiscal Year
Ended
(Amounts in thousands, except per share data)
Net sales ................................. $88,194 $96,295 $400,315 $171,927 $756,731
Expenses andother........................ 94,242 106,328 319,249 158,657678,476
Income (loss) before income taxes and
minorityinterest........................ (6,048) (10,033) 81,066 13,270 78,255
Income taxes............................. (2,147) (3,774) 18,057 3,06815,204
Income (loss) before minority interest....... (3,901) (6,259) 63,009 10,202 63,051
Minority interest.......................... —(95) (74) (92)(261)
Net income (loss) ......................... $(3,901) $(6,354) $62,935 $10,110 $62,790
Net income (loss) per share
Basic .................................. $(0.10) $(0.16)$ 1.61 $0.25 $1.61
Diluted ................................ $(0.10) $(0.16)$ 1.58 $0.24 $1.56
Twelve Months Ended March 31, 2004
Quarter Ended
June 30,
2003
Sept. 30,
2003
Dec. 31,
2003
March 31,
2004
Fiscal Year
Ended
(Amounts in thousands, except per share data)
Net sales ................................ $98,095 $126,517 $293, 099 $123,135 $640,846
Expenses andother....................... 103,742 120,816 245,642 115,410585,610
Income (loss) before income taxes. ......... (5,647) 5,70147,457 7,72555,236
Income taxes............................ (2,090) 2,109 17,084 2,29419,397
Net income (loss) ........................ $(3,557) $3,592 $30,373 $5,431 $35,839
Net income (loss) per share
Basic ................................. $ (0.09) $0.09 $0.80 $0.14 $0.94
Diluted ............................... $ (0.09) $0.09 $0.78 $0.14 $0.92
Due to rounding, some of the figures above may differ slightly from the 10-Q’s previously filed.
For the quarter ended September 30, 2003, net income included a $4.0 million settlement of dispute with
directors’ and officers’ insurance carrier, including the related income tax effect.
For the quarter ended December 31, 2004, net income included a $7.8 million benefit for research and
development income tax credits claimed for prior years.
Item 9. Changes in and Disagreements withAccountants onAccounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
(a) Disclosure controls and procedures
Our principal executive officer and principal financial officer, based on their evaluation of our disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the
period covered by this Annual Report on Form 10-K, have concluded that our disclosure controls and