Nautilus 2015 Annual Report Download - page 64
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Please find page 64 of the 2015 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(21) SUPPLEMENTARY INFORMATION - QUARTERLY RESULTS OF OPERATIONS (unaudited)
The following table summarizes our unaudited quarterly financial data for 2015 and 2014 (in thousands, except per share amounts):
Quarter Ended
March 31 June 30 September 30 December 31 Total
2015
Net sales $ 96,239
$ 59,695
$ 70,690
$ 109,140
$ 335,764
Gross profit 53,889
30,656
36,209
52,480
173,234
Operating income 17,605
3,932
6,389
12,345
40,271
Income from continuing operations 10,859
2,219
3,873
9,852
26,803
Income (loss) from discontinued operations (127)
205
(145)
(134)
(201)
Net income (1),(2) 10,732
2,424
3,728
9,718
26,602
Net income per share:
Basic $ 0.34
$ 0.08
$ 0.12
$ 0.31
$ 0.85
Diluted 0.34
0.08
0.12
0.31
0.84
2014
Net sales $ 71,903
$ 48,546
$ 59,067
$ 94,931 $ 274,447
Gross profit 38,481
24,780
28,795
48,519 140,575
Operating income 9,001
2,379
4,281
14,493 30,154
Income from continuing operations 5,748
1,498
2,664
10,473 20,383
Loss from discontinued operations (374)
(941)
(177)
(96) (1,588)
Net income (1) 5,374
557
2,487
10,377 18,795
Net income per share:
Basic $ 0.17
$ 0.02
$ 0.08
$ 0.33 $ 0.60
Diluted 0.17
0.02
0.08
0.33 0.59
(1) Net income for the quarters ended December 31, 2015 and 2014 included a $2.4 million and $1.2 million credit, respectively, related to the reversal of a portion of our
deferred tax asset valuation allowance.
(2) Net income for the quarter ended December 31, 2015 also include d $4.5 million of unusual items including the following: settlement expense related to a licensing arbitration;
write-off of nutrition inventory; unrecorded current period royalty revenue and reversal of prior period royalty revenue related to a dispute with the licensee; an accounts
receivable reserve related to potentially uncollectible balances from a large sporting goods retailer; and transaction expenses related to the acquisition of Octane.
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