THQ 2007 Annual Report Download - page 93

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85
Twelve Months Ended March 31, 2006
Quarter Ended
(Amounts in thousands, except pershare data)
June 30,
2005
Sept. 30,
2005
Dec. 31,
2005
March 31,
2006
Fiscal Year
Ended
Net sales. .............................. $157,967 $142,692 $357,848 $148,053 $806,560
Expenses andother..................... 163,913 145,296 292,945164,616 766,770
Income (loss)before income taxes and
minority interest......................(5,946)(2,604)64,903 (16,563)39,790
Income taxes........................... (1,772)(663)17,917 (7,861)7,621
Income(loss) before minority interest.....(4,174)(1,941)46,986 (8,702)32,169
Minority interest........................(57)3(62)53 (63)
Net income(loss) ....................... $ (4,231)$ (1,938)$46,924 $ (8,649)$ 32,106
Earnings (loss) per share
Basic................................ $(0.07)$(0.03)$0.75 $(0.14)$ 0.51
Diluted..............................$(0.07)$(0.03)$0.71 $(0.14)$ 0.49
Dueto rounding and reclassifications, some of thefigures above may differ slightlyfrom the10-Q’s
previously filed. See Note 1, “Description of Business and Summary of Significant Accounting Policies” for
description of certain reclassifications made to theprior periodconsolidated financial statements to
conform to the current period consolidated financial statements.
20.Discontinued Operations
In December 2006, we sold our50% interest in Minick. As of March 31, 2007 we have received
approximately $17.1 million in cash and recognizeda gain of approximately $3.1 million in discontinued
operations due to the sale of Minick. Pursuant to the Minick sale agreement, we may receive additional
consideration of approximately $2.7 million over thenext 9to 15 months. If such amounts are received, the
additional gain recognizedwill be reported in discontinued operations in the period the proceeds are
collected. The results of Minick’s operations were not material to any of theperiods presented and have
therefore not been reclassified as discontinuedoperations.