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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-60
Interim Financial Information (unaudited)
QUARTER ENDED
(In thousands, except per share data)
March 31, June 30, September 30, December 31,
2015
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 289,024 $ 286,273 $ 283,776 $ 283,265
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77,095 77,287 77,639 80,803
Earnings (loss) from continuing operations before
income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,039)(6,492)(790) 581
Net loss from continuing operations . . . . . . . . . . . . (7,514)(8,217)(7,790)(2,929)
Net earnings from discontinued operations. . . . . . . 260 — — —
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,254)(8,217)(7,790)(2,929)
Net loss per share from continuing operations—
basic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.23)(0.26)(0.24)(0.09)
Net earnings per share from discontinued
operations—basic . . . . . . . . . . . . . . . . . . . . . . . . . . 0.01 — — —
Net loss per share—basic . . . . . . . . . . . . . . . . . . . . (0.23)(0.26)(0.24)(0.09)
Loss per share from continuing operations—
assuming dilution * . . . . . . . . . . . . . . . . . . . . . . . . . (0.23)(0.26)(0.24)(0.09)
Net earnings per share from discontinued
operations—assuming dilution . . . . . . . . . . . . . . . . 0.01 — — —
Net loss per share—assuming dilution * . . . . . . . . . (0.23)(0.26)(0.24)(0.09)
March 31, June 30, September 30, December 31,
2014
Net sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 304,501 $ 326,943 $ 320,520 $ 318,199
Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82,793 91,578 84,647 88,370
Loss from continuing operations before income
taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (16,870)(11,580)(26,375)(8,385)
Net loss from continuing operations . . . . . . . . . . . . (18,895)(14,455)(28,725)(6,685)
Net earnings (loss) from discontinued operations . . 919 842 13,629 (2,700)
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17,976)(13,613)(15,096)(9,385)
Net loss per share from continuing operations—
basic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.59)(0.45)(0.90)(0.21)
Net earnings (loss) per share from discontinued
operations—basic . . . . . . . . . . . . . . . . . . . . . . . . . . 0.03 0.03 0.43 (0.08)
Net loss per share—basic . . . . . . . . . . . . . . . . . . . . (0.56)(0.43)(0.47)(0.29)
Net loss per share from continuing operations—
assuming dilution * . . . . . . . . . . . . . . . . . . . . . . . . . (0.59)(0.45)(0.90)(0.21)
Net earnings (loss) per share from discontinued
operations—assuming dilution . . . . . . . . . . . . . . . . 0.03 0.03 0.42 (0.08)
Net loss per share—assuming dilution * . . . . . . . . . (0.56)(0.43)(0.47)(0.29)
* Net earnings (loss) per share assuming dilution calculated utilizing weighted average shares outstanding - basic in periods in
which there is a net loss.