LeapFrog 2010 Annual Report Download - page 86
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LEAPFROG ENTERPRISES, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(In thousands, except per share data)
The table below shows the sales of the Company’s product portfolio by segment for the years ended
December 31, 2010, 2009 and 2008.
2010 2009 2008
$
%of
Net Sales $
%of
Net Sales $
%of
Net Sales
(Dollars in millions)
SEGMENTS
United States:
Mobile learning ...................... $177.2 52% $128.2 42% $201.3 55%
Learning toys ........................ 88.9 26% 96.2 31% 83.1 23%
Interactive reading .................... 73.8 21% 74.6 24% 67.1 19%
All other ............................ 4.4 1% 7.5 3% 11.9 3%
Total .......................... $344.3 100% $306.5 100% $363.4 100%
International:
Mobile learning ...................... $ 29.4 33% $ 22.1 30% $ 32.1 34%
Learning toys ........................ 41.6 47% 32.2 44% 37.7 39%
Interactive reading .................... 16.3 19% 19.0 26% 23.4 24%
All other ............................ 1.0 1% — — % 2.5 3%
Total .......................... $ 88.3 100% $ 73.3 100% $ 95.7 100%
CONSOLIDATED LEAPFROG
Mobile learning ...................... $206.6 48% $150.3 40% $233.4 51%
Learning toys ........................ 130.5 30% 128.4 34% 120.8 26%
Interactive reading .................... 90.1 21% 93.6 24% 90.5 20%
All other ............................ 5.4 1% 7.5 2% 14.4 3%
Total net sales ................... $432.6 100% $379.8 100% $459.1 100%
21. Selected Quarterly Financial Information-Unaudited
Unaudited selected financial information by quarter for the years ended December 31, 2010 and 2009 is
presented below.
For 2010 Quarters Ended Full Year
2010March 31 June 30 September 30 December 31
Net sales ........................... $42,406 $ 62,413 $137,955 $189,790 $432,564
Gross profit ......................... 12,432 22,747 57,986 85,809 178,974
Total operating expenses ............... 35,487 34,926 41,744 59,012 171,169
Income (loss) from operations .......... (23,055) (12,179) 16,242 26,797 7,805
Net income (loss) .................... $(23,558) $(12,581) $ 15,789 $ 25,295 $ 4,945
Net income (loss) per common share:
Basic .......................... $ (0.37) $ (0.20) $ 0.25 $ 0.40 $ 0.08
Diluted ......................... $ (0.37) $ (0.20) $ 0.24 $ 0.41 $ 0.08
Market price range common stock:
High ........................... $ 7.14 $ 7.50 $ 5.75 $ 6.63 $ 7.50
Low ........................... $ 3.05 $ 3.76 $ 3.72 $ 5.31 $ 3.05
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