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TABLE OF CONTENTS
STAMPS.COM INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
14. Quarterly Information (Unaudited)
Quarterly and year-to-date computations of per share amounts are made independently. Therefore, the sum of per share amounts
for the quarters may not agree with per share amounts for the year shown elsewhere in our Annual Report on Form 10-K.
Quarter Ended
March
June
September
December
(in thousands except per share data)
Fiscal Year 2010:
Revenues
$
20,989
$
21,189
$
20,689
$
22,677
Gross profit
15,175
15,365
15,185
16,135
Income (loss) from operations
2,054
(3,211
)
(1)
2,592
30
(2)
Net income (loss)
2,145
941
2,729
(283
)
Net income per share:
Basic
$
0.14
$
0.07
$
0.19
$
(0.02
)
Diluted
$
0.14
$
0.07
$
0.19
$
(0.02
)
Weighted average shares outstanding:
Basic
15,142
14,290
14,280
14,417
Diluted
15,272
14,450
14,452
14,417
Fiscal Year 2009:
Revenues
$
20,048
$
20,182
$
20,216
$
21,678
Gross profit
14,670
14,636
14,692
15,213
Income from operations
1,115
904
1,744
2,052
Net income
1,222
1,052
1,731
2,171
Net income per share:
Basic
$
0.07
$
0.06
$
0.11
$
0.14
Diluted
$
0.07
$
0.06
$
0.11
$
0.14
Weighted average shares outstanding:
Basic
16,864
16,301
16,035
15,764
Diluted
16,992
16,427
16,162
15,897
(1) In the second quarter of 2010 we incurred a legal settlement totaling $5.2 million in connection with our settlement
agreement with Kara Technology Incorporated and Mr. Salim Kara to resolve all outstanding litigation among the parties.
(2) During the fourth quarter of 2010, we completed a $2.00 per share special dividend to shareholders. The total amount of cash
distributed in the dividend payment was $28.9 million based on 14.5 million shares outstanding as of the November 11, 2010
record date. The Company incurred compensation expense of $3.4 million in the fourth quarter related to the special dividend
as described in Note 2 “Summary of Significant Accounting Policies — Stock Based Compensation”.
F-24