Lifetime Fitness 2011 Annual Report Download - page 80

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LIFE TIME FITNESS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Table amounts in thousands, except share and per share data)
74
contributions to this plan. If we did make contributions to this plan, the contributions would vest to each participant
according to their years of service with us. At December 31, 2011, $3.0 million had been deferred and is being held
on behalf of the employees. This amount is reflected as an other liability on the balance sheet.
11. Quarterly Financial Data (Unaudited)
The following is a condensed summary of actual quarterly results of operations for 2011 and 2010:
Total revenue
Gross profit (1)
Income from
operations
Net income
Earnings per
share (2)
Basic (3)
Diluted (3)
2011
1st
Quarter
$240,645
87,351
40,263
20,836
$ 0.52
$ 0.51
2nd
Quarter
$256,694
95,344
46,255
24,947
$ 0.62
$ 0.61
3rd
Quarter
$265,421
97,341
49,880
26,991
$ 0.67
$ 0.66
4th
Quarter
$250,914
95,375
36,868
19,843
$ 0.49
$ 0.48
2010
1st
Quarter
$219,771
79,437
37,642
17,836
$ 0.45
$ 0.44
2nd
Quarter
$231,088
85,360
42,924
21,884
$ 0.55
$ 0.53
3rd
Quarter
$238,312
85,614
45,588
23,378
$ 0.59
$ 0.57
4th
Quarter
$223,673
82,602
34,605
17,594
$ 0.44
$ 0.43
(1) We define gross profit as total center revenue less center operations expenses.
(2) See Note 2 for discussion on the computation of earnings per share.
(3) The basic and diluted earnings per share by quarter include the impact of rounding within each quarter.