Circuit City 2004 Annual Report Download - page 60

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Net income per common
share:
Basic $.06 $.11 $.01 $.00 $.06 $.04 $.24 $.15
Diluted $.05 $.10 $.01 $.00 $.06 $.04 $.23 $.14
Three months ended: March 31, 2003 June 30, 2003 September 30, 2003 December 31, 2003
-------------- ------------- ------------------ -----------------
As As As As
Previously Previously Previously Previously
Reported As Restated Reported As Restated Reported As Restated Reported As Restated
-------- ----------- -------- ----------- -------- ----------- -------- -----------
Sales $426,461 $425,255 $388,798 $389,240 $405,011 $403,911 $437,508 $437,330
Cost of sales $354,610 $353,877 $325,879 $326,142 $338,947 $337,923 $373,309 $372,898
Gross profit $71,851 $71,378 $62,919 $63,098 $66,064 $65,988 $64,199 $64,432
Income (loss) from
operations $7,938 $7,465 $(1,323) $(1,144) $2,514 $2,438 $158 $391
Income (loss) before
income taxes $7,724 $7,251 $(1,642) $(1,463) $1,972 $1,896 $(356) $(123)
Provision (benefit) for
income taxes $3,127 $2,995 $646 $706 $798 $783 $(219) $(130)
Net income (loss) $4,567 $4,256 $(2,288) $(2,169) $1,174 $1,113 $(137) $7
62
Net income (loss) per
common share:
Basic $.13 $.12 $(.07) $(.06) $.03 $.03 $.00 $.00
Diluted $.13 $.12 $(.07) $(.06) $.03 $.03 $.00 $.00
63
* * * * * * *
SYSTEMAX INC.
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
For the years ended December 31:
(in thousands)
Balance at Additions
Beginning of Charged to Balance at
Description Period Expenses Write-offs Other End of Period
------ -------- ---------- ----- -------------
Allowance for sales returns and doubtful accounts
2004 $10,000 $5,079 ($3,761) $11,318
2003 $11,275 $3,906 ($5,181) $10,000
2002 $11,120 $4,581 ($4,426) $11,275
Reserve for excess and obsolete inventory
2004 $9,022 $8,065 $(4,591) $137 $12,633
2003 $8,262 $5,318 $(4,879) $321 $9,022
2002 $8,966 $2,469 $(3,441) $268 $8,262
Allowance for deferred tax assets
2004
Current $698 ($285) $413
Noncurrent $12,953 $1,147 ($3,683) 226 $10,643
2003
Current $1,570 ($872) $698