Sunbeam 2001 Annual Report Download - page 29

17. Quarterly Stock Prices
(Unaudited)
Quarterly sales prices for the Company’s
common stock, as reported on the composite
tape, were as follows:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2001
High...... $15.13 $16.15 $13.03 $16.05
Low....... $12.30 $11.64 $10.70 $11.30
2000
High...... $25.00 $25.50 $23.50 $20.94
Low....... $21.00 $20.00 $20.75 $10.00
18. Quarterly Results of Operations
(Unaudited)
Summarized quarterly results of
operations for 2001, 2000 and 1999 were
as follows:
(in thousands,
except per share
amounts)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
2001
Netsales ...... $69,027 $ 90,598 $ 90,477 $54,876 $304,978
Grossprofit .... 14,935 24,677 22,178 9,512 71,302
Net income (loss)
from
continuing
operations.... (238)(a) 5,111(b) (83,032)(c) (7,270)(d) (85,429)
Net income (loss) . (238) 5,111 (83,032) (7,270) (85,429)
Basic earnings
(loss) per share:
Income (loss)
from
continuing
operations . . $ (.04) $ 0.80 $ (13.04) $ (1.14) $ (13.43)
Net income
(loss) ...... $ (.04) $ 0.80 $ (13.04) $ (1.14) $ (13.43)
Diluted earnings
(loss) per share:
Income (loss)
from
continuing
operations . . $ (.04) $ 0.80 $ (13.04) $ (1.14) $ (13.43)
Net income
(loss) ...... $ (.04) $ 0.80 $ (13.04) $ (1.14) $ (13.43)
2000
Netsales ...... $84,455 $114,998 $ 97,096 $60,807 $357,356
Grossprofit .... 18,808 30,824 23,123 9,030 81,785
Net income (loss)
from
continuing
operations.... 444 6,210(e) 1,641(f) (3,373)(g) 4,922
Net income (loss) . 444 6,210 1,641 (3,373) 4,922
Basic earnings
(loss) per share:
Income (loss)
from
continuing
operations . . $ 0.07 $ 0.99 $ 0.26 $ (0.53) $ 0.78
Net income
(loss) ...... $ 0.07 $ 0.99 $ 0.26 $ (0.53) $ 0.78
(in thousands,
except per share
amounts)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter Total
Diluted earnings
(loss) per share:
Income (loss)
from
continuing
operations . . $ 0.07 $ 0.98 $ 0.26 $ (0.53) $ 0.77
Net income
(loss)...... $ 0.07 $ 0.98 $ 0.26 $ (0.53) $ 0.77
1999
Netsales ...... $53,411 $113,653 $112,768 $78,199 $358,031
Gross profit . . . . 12,318 33,678 33,817 20,910 100,723
Net income from
continuing
operations.... 1,963 20,364(h) 7,813 167(i) 30,307
Net income (loss) . 2,099 19,336 7,813 (56) 29,192
Basic earnings
(loss) per share:
Income from
continuing
operations . . $ 0.29 $ 3.03 $ 1.16 $ 0.02 $ 4.50
Net income
(loss)...... $ 0.31 $ 2.88 $ 1.16 $ (0.01) $ 4.34
Diluted earnings
(loss) per share:
Income from
continuing
operations . . $ 0.29 $ 2.99 $ 1.14 $ 0.02 $ 4.44
Net income
(loss)...... $ 0.31 $ 2.84 $ 1.14 $ (0.01) $ 4.28
(a) Includes $1.3 million of income (net of tax) related to the
discharge of deferred compensation obligations.
(b) Includes $1.5 million of income (net of tax) related to the
discharge of deferred compensation obligations, a $0.7 mil-
lion gain (net of tax) related to an insurance recovery
associated with a property casualty and $0.9 million of costs
(net of tax) associated with the Company’s evaluation of its
strategic options.
(c) Includes an $81.2 million loss (net of tax) related to the sale
of thermoforming assets, $1.8 million of separation costs
(net of tax) related to the management reorganization and
$0.9 million of costs (net of tax) associated with the exit of
facilities.
(d) Includes $1.5 million of costs (net of tax) associated with
corporate restructuring, a $1.6 million charge (net of tax) for
stock option compensation, $1.0 million of costs (net of tax)
associated with the write-off of debt issuance and amend-
ment costs, an additional $0.9 million loss (net of tax)
related to the sale of thermoforming assets and a $0.9
million loss (net of tax) related to the sale of the Company’s
interest in Microlin, LLC.
(e) Includes $1.1 million of income (net of tax) associated with
the reduction in long-term performance-based compensa-
tion.
(f) Includes $1.5 million of costs (net of tax) related to litiga-
tion.
(g) Includes $0.6 million of income (net of tax) related to
litigation.
(h) Includes a $12.2 million gain (net of tax) on the sale of the
Company’s plastic packaging product line.
(i) Includes $1.4 million of costs (net of tax) associated with the
exit of a plastics thermoforming facility.
Alltrista
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