Cobra 2009 Annual Report Download - page 10

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8 Cobra Electronics Corporation
Consolidated Statements of Operations
(In thousands, except per share amounts)
Years Ended December 31,
2009 2008 2007
Net sales $ 105,229 $ 124,745 $ 155,935
Cost of sales 78,853 86,576 124,534
Gross profit 26,376 38,169 31,401
Selling, general and administrative expense 30,066 34,175 39,634
Impairment of goodwill – 20,084 –
Loss from operations (3,690 ) (16,090 ) (8,233 )
Interest expense 928 997 1,655
Other (income) expense (1,110 ) 1,143 (1,089 )
Loss before income taxes (3,508 ) (18,230 ) (8,799 )
Tax provision (benefit) 6,762 598 (4,396 )
Less non-controlling interest 2 11 19
Net loss $ (10,272 ) $ (18,839 ) $ (4,422 )
Net loss per common share:
Basic $ (1.59 ) $ (2.91 ) $ (0.68 )
Diluted $ (1.59 ) $ (2.91 ) $ (0.68 )
Weighted average shares outstanding:
Basic 6,471 6,471 6,458
Diluted 6,471 6,471 6,458
Dividends declared and paid per common share $ – $ 0.16 $ 0.16