Audiovox 2009 Annual Report Download - page 110

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Audiovox Corporation and Subsidiaries
Notes to Consolidated Financial Statements
February 28, 2009
(Dollars in thousands, except share and per share data)
16) Unaudited Quarterly Financial Data
Selected unaudited, quarterly financial data of the Company for the years ended February 28, 2009 and February 29, 2008
appear below:
Quarters Ended
Feb. 28, 2009 Nov. 30, 2008 Aug. 31, 2008 May 31, 2008
2009
Net sales $ 115,666 $ 195,642 $ 147,208 $ 144,583
Gross profit 13,735 38,958 25,060 22,515
Net (loss) income from continuing operations (70,021) 6,525 (2,311) (5,223)
Net (loss) income per common share (basic) $ (3.06) $ 0.29 $ (0.10) $ (0.23)
Net (loss) income per common share (diluted) $ (3.06) $ 0.29 $ (0.10) $ (0.23)
Quarters Ended
Feb. 29, 2008 Nov. 30, 2007 Aug. 31, 2007 May 31, 2007
2008
Net sales $ 131,269 $ 183,563 $ 148,269 $ 128,254
Gross profit 24,674 34,991 28,474 23,189
Net (loss) income from continuing operations (1,785) 4,680 3,730 121
Net (loss) income from discontinued operations (392) - - 2,111
Net (loss) income $ (2,177) $ 4,680 $ 3,730 $ 2,232
Net (loss) income per common share (basic):
From continuing operations $ (0.08) $ 0.20 $ 0.16 $ 0.01
From discontinued operations (0.02) - - 0.09
Net (loss) income per common share (basic) $ (0.10) $ 0.20 $ 0.16 $ 0.10
Net (loss) income per common share (diluted):
From continuing operations $ (0.08) $ 0.20 $ 0.16 $ 0.01
From discontinued operations (0.02) - - 0.09
Net (loss) income per common share (diluted) $ (0.10) $ 0.20 $ 0.16 $ 0.10
Earnings per share are computed separately for each quarter. Therefore, the sum of such quarterly per share amounts may
differ from the total for the years.
76
Source: AUDIOVOX CORP, 10-K, May 14, 2009 Powered by Morningstar® Document Research℠