Express 2011 Annual Report Download - page 98

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17. Quarterly Financial Data (Unaudited)
Summarized unaudited quarterly financial results for 2011 and 2010 follows:
2011 Quarter First Second Third Fourth
(in thousands, except per share amounts)
Net sales ............................................. $467,377 $446,041 $486,784 $673,153
Gross profit ........................................... $178,314 $149,832 $175,968 $250,347
Net income ........................................... $ 35,013 $ 12,620 $ 32,670 $ 60,394
Earnings per basic share ................................. $ 0.40 $ 0.14 $ 0.37 $ 0.68
Earnings per diluted share ................................ $ 0.39 $ 0.14 $ 0.37 $ 0.68
2010 Quarter First Second Third Fourth
(in thousands, except per share amounts)
Net sales ............................................. $426,462 $407,277 $450,577 $621,498
Gross profit ........................................... $157,206 $130,017 $164,323 $226,778
Net income ........................................... $ 30,561 $ 22,114 $ 26,301 $ 48,412
Earnings basic share .................................... $ 0.40 $ 0.25 $ 0.30 $ 0.55
Earnings per diluted share ................................ $ 0.39 $ 0.25 $ 0.30 $ 0.55
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