Plantronics 2010 Annual Report Download - page 95

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87
SUPPLEMENTARY QUARTERLY FINANCIAL DATA
(Unaudited)
June 30, September 30, December 31, March 31,
2008
1
,
2
2008
1
2008
3
,
4
,
7
,
8
2009
4
,
5
Net revenues $ 198,527 $ 195,349 $ 152,616 $ 128,098
Gross profit $ 89,170 $ 92,746 $ 60,417 $ 49,598
Income (loss) from continuing operations, net of tax $ 24,937 $ 21,753 $ 6,154 $
($ in thousands, except per share data)
(7,502)
L
N
B
D
C eclared per common share $ 0.05 $ 0.05 $ 0.05 $ 0.05
December 31, March 31,
N 162,282
Gross profit $ 65,004 $ 67,931 $ 80,369 $ 87,766
Income from continuing operations, net of tax $ 12,938 $ 15,897 $ 23,203 $ 24,415
Income (loss) from discontinued operations, net of tax
10
$ (2,288) $ (16,643) $ 47 $ (191)
Net income (loss)
11
$ 10,650 $ (746) $ 23,250 $ 24,224
Basic net income (loss) per common share
12
$ 0.22 $ (0.02) $ 0.48 $ 0.50
Diluted net income (loss) per common share
12
$ 0.22 $ (0.02) $ 0.47 $ 0.49
Cash dividends declared per common share $ 0.05 $ 0.05 $ 0.05 $ 0.05
Quarter Ended
oss from discontinued operations, net of tax
10
$ (4,443) $ (4,105) $ (98,163) $ (3,530)
et income (loss)
11
$ 20,494 $ 17,648 $ (92,009) $ (11,032)
asic net income (loss) per common share
12
$ 0.42 $ 0.36 $ (1.90) $ (0.23)
iluted net income (loss) per common share
12
$ 0.42 $ 0.36 $ (1.90) $ (0.23)
ash dividends d
June 30, September 30,
Quarter Ended
2009
5,6
2009
5,7
2009
5
2010
5,9
et revenues $ 141,162 $ 144,458 $ 165,935 $
($ in thousands, except per share data)
Each of the Company’s fiscal years ends on the Saturday closest to the last day of March. The Company’s fiscal year 2010 consists of
53 weeks and the first, second and third quarters consist of 13 weeks and the fourth quarter consists of 14 weeks. The Company’s
fiscal year 2009 consists of 52 weeks and each quarter consists of 13 weeks. Our interim fiscal quarters for the first, second, third and
fourth quarter of fiscal 2010 ended on June 27, 2009, September 26, 2009, December 26, 2009 and April 3, 2010, respectively, and
our interim fiscal quarters for the first, second, third and fourth quarter of fiscal 2009 ended on June 28, 2008, September 27, 2008,
December 27, 2008 and March 28, 2009, respectively. For purposes of presentation, the Company has indicated its accounting year as
ending on March 31 and our interim quarterly periods as ending on the last calendar day of the applicable month end.
1 In November 2007, the Company announced plans to close AEG’s manufacturing facility in Dongguan, China, to shut down a
related Hong Kong research and development, sales and procurement office and to consolidate procurement, research, and
development activities for AEG in the Shenzhen, China site. As a result of these activities, $0.2 million and $(0.1) million in
restructuring and other related charges in discontinued operations was recorded in the first and second quarters of fiscal 2009,
respectively.
2 In the first quarter of fiscal 2009, the Company announced a reduction in force in AEG’s operations in Milford, Pennsylvania as
part the strategic initiative to reduce costs. As a result of these activities, $0.2 million in restructuring and other related charges
was recorded in the first quarter of fiscal 2009 and are included in discontinued operations.
3 In the third quarter of fiscal 2009, the Company recorded non-cash impairment charges in the amount of $117.5 million which
consisted of $54.7 million related to the goodwill arising from the purchase of Altec Lansing in August 2005, $58.7 million
related to intangible assets primarily associated with the Altec Lansing trademark and trade name and $4.1 million related to
property, plant and equipment related to the AEG segment. These charges are included in discontinued operations.