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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.
Evaluation of Disclosure Controls and Procedures
Based on an evaluation under the supervision and with the participation of our management (including our Chief Executive Officer and
Chief Financial Officer), our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures as
defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act were effective as of the end of the period covered by this Annual Report on
Form 10-K to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is (i) recorded,
processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to
our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required
disclosure.
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.
97
March 29,
2009
June 28,
2009
September 27,
2009
December 31,
2009
Net revenue
$
152,018
$
144,674
$
171,071
$
218,832
Gross profit
$
42,931
$
41,260
$
55,745
$
66,464
Provision for income taxes
$
3,352
$
4,434
$
5,826
$
9,622
Net income (loss)
$
(3,770
)
$
(3,280
)
$
8,530
$
7,853
Net income (loss) per share
—
basic
$
(0.11
)
$
(0.10
)
$
0.25
$
0.23
Net income (loss) per share
—
diluted
$
(0.11
)
$
(0.10
)
$
0.24
$
0.22
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
)
Item 9.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
Item 9A.
Controls and Procedures