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101
A C T I V I S I O N , I N C . • • 2 0 0 7 A N N U A L R E P O R T
18. Quarterly Financial and Market Information (Unaudited)
For the quarters ended For the
(Amounts in thousands, except per share data) June 30(a) Sept. 30 Dec. 31 Mar. 31 year ended
Fiscal 2007:
Net revenues $188,069 $ 188,172 $ 824,259 $ 312,512 $1,513,012
Cost of sales 137,800 141,078 483,180 216,007 978,065
Operating income (loss) (33,449) (37,410) 173,120 (29,114) 73,147
Net income (loss) (18,309) (24,302) 142,820 (14,422) 85,787
Basic earnings (loss) per share (0.07) (0.09) 0.51 (0.05) 0.31
Diluted earnings (loss) per share (0.07) (0.09) 0.46 (0.05) 0.28
Common stock price per share:
High 15.11 16.00 18.19 19.20 19.20
Low 10.71 10.47 14.22 16.05 10.47
Fiscal 2006:
Net revenues $241,093 $ 222,540 $ 816,242 $ 188,125 $1,468,000
Cost of sales 172,270 141,458 498,325 128,309 940,362
Operating income (loss) (14,319) (27,788) 83,893 (26,560) 15,226
Net income (loss) (4,247) (14,230) 67,856 (9,128) 40,251
Basic earnings (loss) per share (0.02) (0.05) 0.25 (0.03) 0.15
Diluted earnings (loss) per share (0.02) (0.05) 0.23 (0.03) 0.14
Common stock price per share:
High 13.88 17.30 18.03 15.93 18.03
Low 10.64 12.07 12.94 11.81 10.64
(a) On June 7, 2007, we filed an Amended Quarterly Report on Form 10-Q/A to restate our unaudited consolidated financial statements as of
June 30, 2006 and for the three months ended June 30, 2006 and 2005 and the related disclosures to correct our stock-based compensation
expense and related tax effects as discussed in the Form 10-Q/A.
The following table reflects the impact of the non-cash charges for stock-based compensation
expense and related tax effects:
For the three months ended June 30, 2006
As
Previously
Reported Adjustments
As
Restated
Net revenues $188,069 $ — $188,069
Cost of sales 137,789 11 137,800
Operating loss (32,786) (663) (33,449)
Net loss (17,826) (483) (18,309)
Basic loss per share (0.06) (0.01) (0.07)
Diluted loss per share (0.06) (0.01) (0.07)