Nautilus 2013 Annual Report Download - page 34

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Item 8. Financial Statements and Supplementary Data
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Shareholders of
Nautilus, Inc.
Vancouver, Washington
We have audited the accompanying consolidated balance sheets of Nautilus, Inc. and subsidiaries (the “Company”) as of December 31, 2013
and
2012
, and the related consolidated statements of operations, comprehensive income, shareholders' equity and cash flows for each of the three
years in the period ended
December 31, 2013
. These financial statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Nautilus, Inc. and
subsidiaries as of December 31, 2013 and 2012
, and the results of their operations and their cash flows for each of the three years in the period
ended December 31, 2013 , in conformity with accounting principles generally accepted in the United States of America.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company's
internal control over financial reporting as of December 31, 2013 , based on the criteria established in Internal Control-
Integrated Framework
(1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 27, 2014
, expressed
an unqualified opinion on the Company's internal control over financial reporting.
/s/ Deloitte & Touche LLP
Portland, Oregon
February 27, 2014
28