LeapFrog 2010 Annual Report Download - page 55
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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
Years Ended December 31,
2010 2009 2008
Net sales ....................................................... $432,564 $379,834 $459,059
Cost of sales ................................................ 253,590 221,827 277,574
Gross profit ............................................ 178,974 158,007 181,485
Operating expenses:
Selling, general and administrative .............................. 75,566 81,702 114,811
Research and development ..................................... 35,106 34,981 48,473
Advertising ................................................. 49,314 39,331 67,361
Depreciation and amortization .................................. 11,183 10,406 11,044
Total operating expenses ................................. 171,169 166,420 241,689
Income (loss) from operations ......................... 7,805 (8,413) (60,204)
Other income (expense):
Interest income .............................................. 203 556 2,294
Interest expense ............................................. (243) (60) (349)
Other, net .................................................. (1,790) (1,959) (8,221)
Total other expense ..................................... (1,830) (1,463) (6,276)
Income (loss) before income taxes ..................... 5,975 (9,876) (66,480)
Provision for (benefit from) income taxes ............................. 1,030 (7,188) 1,874
Net income (loss) ........................................ $ 4,945 $ (2,688) $ (68,354)
Net income (loss) per share:
Class A and B—basic and diluted ............................... $ 0.08 $ (0.04) $ (1.07)
Weighted average shares used to calculate net income (loss) per share:
Class A and B—basic ......................................... 64,368 63,914 63,641
Class A and B—diluted ....................................... 65,627 63,914 63,641
See accompanying notes
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