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13. RETURNS RESERVE
Following is an analysis for the returns reserve:
Year Ended December 31,
2015 2014 2013
Balance at beginning of year ............................. $ 762 $ 637 $ 652
Provision for estimated returns ........................... 13,225 12,661 10,838
Actual returns ......................................... (13,117) (12,536) (10,853)
Balance at end of year .................................. $ 870 $ 762 $ 637
14. QUARTERLY CONSOLIDATED FINANCIAL DATA (UNAUDITED)
Quarter
First Second Third Fourth Year
(In thousands, except per share amounts)
2015:
Revenue ................................. $137,225 $130,261 $104,877 $90,246 $462,609
Gross margin ............................. $ 71,356 $ 67,691 $ 53,128 $45,853 $238,028
Net income ............................... $ 2,943 $ 12,085 $ 7,309 $ 3,806 $ 26,143
Basic income per common share .............. $ 0.10 $ 0.42 $ 0.25 $ 0.13 $ 0.90
Diluted income per common share ............ $ 0.10 $ 0.41 $ 0.25 $ 0.13 $ 0.89
2014:
Revenue ................................. $122,228 $111,052 $ 90,570 $79,233 $403,083
Gross margin ............................. $ 59,807 $ 56,911 $ 46,527 $40,785 $204,030
Net income ............................... $ 224 $ 8,703 $ 5,076 $ 5,308 $ 19,311
Basic income per common share .............. $ 0.01 $ 0.30 $ 0.18 $ 0.18 $ 0.67
Diluted income per common share ............ $ 0.01 $ 0.30 $ 0.17 $ 0.18 $ 0.66
The sum of the quarterly basic and diluted per share amounts may not equal amounts reported for the year. This
is due to the effects of rounding and changes in weighted average shares outstanding for each period.
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