Restoration Hardware 2015 Annual Report Download - page 100

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97
NOTE 20—SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly financial data for fiscal 2015 and fiscal 2014 are set forth below (in thousands, except share and per share amounts):
Three Months Ended
May 2, August 1, October 31, January 30,
Fiscal 2015 2015 2015 2015 2016
N
et revenues ........................................................................... $ 422,445 $ 506,942 $ 532,411 $ 647,208
Gross profit ............................................................................. 143,418 194,263 190,750 224,261
N
et income ............................................................................. 7,156 29,935 20,710 33,302
Weighted-average shares used in computing basic net
income per share ................................................................ 39,913,946 40,045,850 40,282,734 40,522,242
Basic net income per share ..................................................... $ 0.18 $ 0.75 $ 0.51 $ 0.82
Weighted-average shares used in computing diluted net
income per share ................................................................ 41,959,718 42,243,910 42,413,657 42,225,070
Diluted net income per share .................................................. $ 0.17 $ 0.71 $ 0.49 $ 0.79
Three Months Ended
May 3, August 2, November 1, January 31,
Fiscal 2014 2014 2014 2014 2015
N
et revenues ........................................................................... $ 366,254 $ 433,766 $ 484,675 $ 582,727
Gross profit ............................................................................. 124,349 167,909 180,373 218,143
N
et income ............................................................................. 1,795 27,253 19,429 42,525
Weighted-average shares used in computing basic net
income per share ................................................................ 39,152,923 39,436,255 39,507,272 39,734,145
Basic net income per share ..................................................... $ 0.05 $ 0.69 $ 0.49 $ 1.07
Weighted-average shares used in computing diluted net
income per share ................................................................ 40,787,726 41,262,629 41,392,831 41,777,509
Diluted net income per share .................................................. $ 0.04 $ 0.66 $ 0.47 $ 1.02
The three months ended May 3, 2014 included a $9.2 million charge incurred in connection with a legal claim alleging that the
Company violated California’s Song-Beverly Credit Card Act of 1971 by requesting and recording ZIP codes from customers paying
with credit cards. The three months ended January 31, 2015 included a reversal of estimated expenses of $1.5 million associated with
this matter based on a revision of estimated class member response. Refer to Note 18—Commitments and Contingencies.