Nautilus 2010 Annual Report Download - page 55

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Table of Contents
filings are subject to audit by authorities in the jurisdictions where it conducts business, which may result in assessments of additional taxes.
Management believes it has adequately provided for obligations that would result from these legal and tax proceedings where it is probable it
will pay some amounts and the amounts can be reasonably estimated. In some cases, however, it is too early to predict a final outcome.
Management believes that the ultimate resolution of these matters will not have a material effect on the Company's financial position, results of
operations or cash flows.
(18) SUPPLEMENTARY INFORMATION-QUARTERLY RESULTS OF OPERATIONS (unaudited)
The following table summarizes the Company's unaudited quarterly financial data for 2010 and 2009 (in thousands, except per share amounts):
The following table summarizes the impact of certain items included in the Company's quarterly results of continuing operations for the year
ended December 31, 2009 (in thousands):
53
Quarter Ended
March 31 June 30 September 30 December 31 Total
2010:
Net sales
$
45,644
$
30,642
$
38,474
$
53,690
$
168,450
Gross profit
22,965
13,469
16,618
23,694
76,746
Operating income (loss)
(1,940
)
(6,758
)
(3,225
)
2,354
(9,569
)
Income (loss) from continuing operations
(2,371
)
(6,994
)
(2,398
)
1,945
(9,818
)
Loss from discontinued operations
(5,420
)
(3,711
)
(1,908
)
(1,984
)
(13,023
)
Net loss
(7,791
)
(10,705
)
(4,306
)
(39
)
(22,841
)
Net loss per share, basic and diluted
$
(0.25
)
$
(0.35
)
$
(0.14
)
$
—
$
(
0.74
)
2009:
Net sales
$
54,055
$
40,102
$
41,431
$
53,672
$
189,260
Gross profit
30,304
19,809
20,281
26,121
96,515
Operating loss
(3,715
)
(14,922
)
(2,822
)
(7,746
)
(29,205
)
Income (loss) from continuing operations
(5,424
)
(14,678
)
(1,523
)
3,015
(18,610
)
Income (loss) from discontinued operations
(8,395
)
(6,093
)
(22,895
)
2,696
(34,687
)
Net income (loss)
(13,819
)
(20,771
)
(24,418
)
5,711
(53,297
)
Net income (loss) per share, basic and diluted
$
(0.45
)
$
(0.68
)
$
(0.80
)
$
0.19
$
(1.74
)
2009 Quarter Ended
March 31 June 30 September 30 December 31 Total
Included in operating loss:
Restructuring expenses
$
2,049
$
11,796
$
201
$
105
$
14,151
Intangible asset impairment charges —
—
2,101
3,803
5,904
Writeoff of deferred financing costs —
223
—
406
629
Legal and contract settlement costs
(750
)
—
(
200
)
200
(750
)
$
1,299
$
12,019
$
2,102
$
4,514
$
19,934