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STAMPS.COM INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
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.
(1) During the fourth quarter of 2014 we incurred approximately $7.6 million and $335,000 of contingent consideration charge and general and
administrative compensation expense, respectively, in connection with the with the fair value measurement of our contingent consideration
liability. See Note 3 – Acquisitions for further discussion.
F-33
Table of Contents
13.
Quarterly Information (Unaudited)
Quarter Ended
March
June
September
December
(in thousands except per share data)
Fiscal Year 2014:
Revenues
$
33,298
$
34,284
$
37,834
$
41,853
Gross profit
25,853
26,668
29,290
32,552
Income from operations
7,370
7,619
9,316
(495
)
(1)
Net income
7,334
11,174
9,472
8,902
Net income per share:
Basic
$
0.45
$
0.70
$
0.60
$
0.56
Diluted
$
0.44
$
0.68
$
0.58
$
0.54
Weighted average shares outstanding:
Basic
16,222
15,993
15,881
15,952
Diluted
16,664
16,378
16,258
16,372
Fiscal Year 2013:
Revenues
$
32,101
$
32,109
$
31,245
$
32,364
Gross profit
24,449
25,021
24,661
26,188
Income from operations
7,815
8,545
8,761
8,997
Net income
7,906
8,613
8,763
18,871
Net income per share:
Basic
$
0.52
$
0.56
$
0.55
$
1.17
Diluted
$
0.49
$
0.53
$
0.53
$
1.13
Weighted average shares outstanding:
Basic
15,328
15,486
15,816
16,124
Diluted
16,000
16,163
16,389
16,640