Nautilus 2013 Annual Report Download - page 36

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NAUTILUS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
See accompanying Notes to Consolidated Financial Statements.
30
Year Ended December 31,
2013
2012 2011
Net sales
$
218,803
$
193,926
$
180,412
Cost of sales
112,326
102,889
101,953
Gross profit
106,477
91,037
78,459
Operating expenses:
Selling and marketing
66,486
58,617
54,494
General and administrative
18,705
17,669
17,143
Research and development
5,562
4,163
3,223
Total operating expenses
90,753
80,449
74,860
Operating income
15,724
10,588
3,599
Other income (expense):
Interest income
14
18
65
Interest expense
(36
)
56
(466
)
Other
337
(246
)
(11
)
Total other income (expense)
315
(172
)
(412
)
Income from continuing operations before income taxes
16,039
10,416
3,187
Income tax provision (benefit)
(32,085
)
(226
)
686
Income from continuing operations
48,124
10,642
2,501
Discontinued operations:
Income (loss) from discontinued operations before income taxes
(559
)
6,007
(1,065
)
Income tax provision (benefit) of discontinued operations
(389
)
(234
)
16
Income (loss) from discontinued operations
(170
)
6,241
(1,081
)
Net income
$
47,954
$
16,883
$
1,420
Basic income per share from continuing operations
$
1.55
$
0.34
$
0.08
Basic income (loss) per share from discontinued operations
(0.01
)
0.21
(0.03
)
Basic net income per share
$
1.54
$
0.55
$
0.05
Diluted income per share from continuing operations
$
1.53
$
0.34
$
0.08
Diluted income (loss) per share from discontinued operations
(0.01
)
0.21
(0.03
)
Diluted net income per share
$
1.52
$
0.55
$
0.05
Shares used in per share calculations:
Basic
31,072
30,851
30,746
Diluted
31,457
30,974
30,776