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Table of Contents
QUARTERLY FINANCIAL DATA
(In thousands, except per share amounts)
(Unaudited)
The following table presents unaudited quarterly financial information for each of the Company’s last eight quarters. This information has
been derived from the Company’s unaudited financial statements and has been prepared on the same basis as the audited Consolidated Financial
Statements appearing elsewhere in this Form 10-
K. In the opinion of management, all necessary adjustments, consisting only of normal recurring
adjustments, have been included to state fairly the quarterly results.
None.
Management
’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-
15(f) under the Exchange Act). Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Our management, including our Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of our
internal control over financial reporting as of December 31, 2008. In making this assessment, our management used the criteria established in
Internal Control
—Integrated Framework , issued by The Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based
on management’s assessment using those criteria, our management concluded that our internal control over financial reporting was effective as
of December 31, 2008. The effectiveness of our internal control over financial reporting as of December 31, 2008 has been audited by
PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report which is included in this Annual Report
on Form 10-K.
Changes in Internal Control Over Financial Reporting
There was no change in our internal control over financial reporting that occurred during the fourth quarter of fiscal year 2008 that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
87
March 30,
2008
June 29,
2008
September 28,
2008
December 31,
2008
Net revenue
$
198,154
$
204,464
$
179,367
$
161,359
Gross profit
$
63,863
$
66,409
$
62,293
$
48,459
Provision for income taxes
$
7,862
$
8,718
$
7,929
$
2,784
Net income
$
11,226
$
11,064
$
3,103
$
(7,343
)
Net income per share
—
basic
$
0.32
$
0.31
$
0.09
$
(0.21
)
Net income per share
—
diluted
$
0.31
$
0.31
$
0.09
$
(0.21
)
April 1,
2007
July 1,
2007
September 30,
2007
December 31,
2007
Net revenue
$
173,572
$
164,275
$
191,681
$
198,259
Gross profit
$
60,030
$
55,954
$
63,778
$
62,845
Provision for income taxes
$
7,756
$
6,784
$
8,796
$
7,546
Net income
$
14,021
$
6,133
$
13,266
$
12,534
Net income per share
—
basic
$
0.41
$
0.18
$
0.38
$
0.36
Net income per share
—
diluted
$
0.40
$
0.17
$
0.37
$
0.35
Item 9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Item 9A.
Controls and Procedures