Circuit City 2001 Annual Report Download - page 31

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9. SEGMENT AND RELATED INFORMATION
Pursuant to SFAS No. 131 "Disclosure About Segments of an Enterprise and Related Information", the Company determined that it is engaged
in a single reportable segment which markets and sells various business products. The Company's product offerings include personal computers
(PCs), computer related products, industrial products and office products and are monitored for sales trends and profitability in these sub-
categories. Products are marketed through an integrated system of direct mail catalogs, a network of major account sales representatives and
proprietary e-commerce Internet web-sites.
Financial information relating to the Company's operations by geographic area was as follows (in thousands):
Revenues are attributed to countries based on location of selling subsidiary.
10. QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly financial data is as follows (in thousands, except for per share amounts):
* Includes income of $2.0 million, net of tax, ($.06 per diluted share) resulting from the elimination of a liability recorded in a prior year no
longer required.
* * * * * * *
Net Sales
----------------------------------------
2001 2000 1999
---------- ---------- ----------
North America $ 982,615 $1,138,006 $1,263,401
Europe 564,360 548,097 491,071
---------- ---------- ----------
Consolidated $1,546,975 $1,686,103 $1,754,472
========== ========== ==========
Long-Lived Assets
----------------------------------------
2001 2000 1999
---------- ---------- ----------
North America $ 117,770 $ 116,363 $ 91,590
Europe 32,820 29,058 28,933
---------- ---------- ----------
Consolidated $ 150,590 $ 145,421 $ 120,523
========== ========== ==========
FIRST SECOND THIRD FOURTH
2001 QUARTER QUARTER QUARTER QUARTER
---- ------- ------- ------- -------
Net sales................... $ 405,898 $ 363,506 $ 370,636 $ 406,935
Gross profit................ $ 66,111 $ 61,162 $ 69,259 $ 80,392
Net income (loss)........... $ 363 $ (2,583) $ 257 $ 2,616*
Net income (loss) per
common share:
Basic and diluted...... $ .01 $ (.08) $ .01 $ .08*
First Second Third Fourth
2000 Quarter Quarter Quarter Quarter
---- ------- ------- ------- -------
Net sales................... $ 448,870 $ 405,972 $ 409,795 $ 421,466
Gross profit................ $ 68,169 $ 44,348 $ 47,777 $ 49,561
Net loss.................... $ (2,552) $ (14,531) $ (14,236) $ (9,452)
Net loss per common share:
Basic and diluted...... $ (.07) $ (.43) $ ($.42) $ ($ .28)