Nautilus 2011 Annual Report Download - page 52

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Table of Contents
liability included $0.6 million for estimated future warranty costs of its discontinued Commercial operation.
Legal Matters
The Company is party to various legal proceedings arising from normal course business activities. In addition, the Company's tax 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. 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.
(16) SUPPLEMENTARY INFORMATION - QUARTERLY RESULTS OF OPERATIONS (unaudited)
The following table summarizes the Company's unaudited quarterly financial data for 2011 and 2010 (in thousands, except per share amounts):
45
Quarter Ended
March 31 June 30 September 30 December 31 Total
2011:
Net sales
$
48,301
$
34,724
$
37,402
$
59,985
$
180,412
Gross profit
22,087
14,543
15,797
26,032
78,459
Operating income (loss)
1,777
(2,677
)
(713
)
5,212
3,599
Income (loss) from continuing operations
1,121
(2,196
)
281
3,295
2,501
Income (loss) from discontinued operation
485
(1,072
)
(373
)
(121
)
(1,081
)
Net income (loss)
1,606
(3,268
)
(92
)
3,174
1,420
Net income (loss) per share:
Basic
$
0.05
$
(0.11
)
$
—
$
0.11
$
0.05
Diluted
0.05
(0.11
)
—
0.11
0.05
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 operation
(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
)