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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-56
Interim Financial Information (unaudited)
QUARTER ENDED
(In thousands, except per share data)
March 31, June 30, September 30, December 31,
2013
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 331,437 $ 344,760 $ 341,176 $ 334,986
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93,584 93,557 96,824 93,501
Loss before income taxes . . . . . . . . . . . . . . . . . . . . (13,183)(13,864)(4,633)(6,660)
Net loss from continuing operations . . . . . . . . . . . . (5,708)(24,489)(5,383)(15,420)
Net earnings from discontinued operations. . . . . . . 40,889 12,027 21,485 9,650
Net earnings (loss). . . . . . . . . . . . . . . . . . . . . . . . . . 35,181 (12,462) 16,102 (5,770)
Net loss per share from continuing operations—
basic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.18)(0.77)(0.17)(0.48)
Net earnings per share from discontinued
operations—basic . . . . . . . . . . . . . . . . . . . . . . . . . . 1.28 0.38 0.67 0.30
Net earnings (loss) per share—basic. . . . . . . . . . . . 1.10 (0.39) 0.50 (0.18)
Loss per share from continuing operations—
assuming dilution * . . . . . . . . . . . . . . . . . . . . . . . . . (0.18)(0.77)(0.17)(0.48)
Net earnings per share from discontinued
operations—assuming dilution . . . . . . . . . . . . . . . . 1.28 0.38 0.67 0.30
Net earnings (loss) per share—assuming dilution * 1.10 (0.39) 0.50 (0.18)
March 31, June 30, September 30, December 31,
2012
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 349,620 $ 366,629 $ 361,518 $ 354,926
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,521 113,465 109,412 105,077
Earnings (loss) before income taxes . . . . . . . . . . . . 6,203 5,649 3,008 (9,160)
Net earnings (loss) from continuing operations . . . 4,926 (5,115) 563 (11,449)
Net earnings from discontinued operations. . . . . . . 3,307 3,138 2,301 4,156
Net earnings (loss). . . . . . . . . . . . . . . . . . . . . . . . . . 8,233 (1,977) 2,864 (7,293)
Net earnings (loss) per share from continuing
operations—basic . . . . . . . . . . . . . . . . . . . . . . . . . . 0.15 (0.16) 0.02 (0.36)
Net earnings per share from discontinued
operations—basic . . . . . . . . . . . . . . . . . . . . . . . . . . 0.10 0.10 0.07 0.13
Net earnings (loss) per share—basic. . . . . . . . . . . . 0.26 (0.06) 0.09 (0.23)
Net earnings (loss) per share from continuing
operations—assuming dilution *. . . . . . . . . . . . . . . 0.15 (0.16) 0.02 (0.36)
Net earnings per share from discontinued
operations—assuming dilution . . . . . . . . . . . . . . . . 0.10 0.10 0.07 0.13
Net earnings (loss) per share—assuming dilution * 0.26 (0.06) 0.09 (0.23)
* Net earnings (loss) per share assuming dilution calculated utilizing weighted average shares outstanding - basic in periods in
which there is a net loss.