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19. QUARTERLY FINANCIAL DATA (UNAUDITED)
Twelve Months Ended March 31, 2004
Quarters Ended
June 30, September 30, December 31, March 31,
(Amounts in thousands, except per share data) 2003 2003 2003 2004
Revenues $ 98,095 $ 126,517 $ 293,099 $ 123,135
Expenses and Other 103,742 120,816 245,642 115,410
Income (loss) before income taxes (5,647) 5,701 47,457 7,725
Income taxes (2,090) 2,109 17,084 2,294
Net income (loss) $ (3,557) $ 3,592 $ 30,373 $ 5,431
Net income (loss) per share
Basic $ (0.09) $ 0.09 $ 0.80 $ 0.14
Diluted $ (0.09) $ 0.09 $ 0.78 $ 0.14
Three Months Ended March 31, 2002 and Twelve Months Ended March 31, 2003
March 31, June 30, September 30, December 31, March 31,
(Amounts in thousands, except per share data) 2002 2002 2002 2002 2003
Revenues $ 79,682 $ 85,762 $ 97,335 $ 217,750 $ 66,800
Expenses and Other 75,258 80,893 89,895 214,728 77,776
Income (loss) before income taxes 4,424 4,869 7,440 3,022 (10,976)
Income taxes 1,659 2,578 2,636 (112 ) (3,290)
Net income (loss) $ 2,765 $ 2,291 $ 4,804 $ 3,134 $ (7,686)
Net income (loss) per share
Basic $ 0.07 $ 0.06 $ 0.12 $ 0.08 $ (0.20)
Diluted $ 0.07 $ 0.05 $ 0.12 $ 0.08 $ (0.20)
Due to rounding some of the figures above may differ slightly from the 10-Q’s previously filed.
For the quarter ended June 30, 2002, net income included a non-cash charge of $3.0 million for the discontinuation of the NIS online joint venture.
For the quarter ended December 31, 2002, net income includes a charge of $7.9 million, net of tax for the cancellation of 20 SKUs as well as a charge of
$4.6 million, net of tax related to the settlement of a class action lawsuit and a charge of $1.1 million, net of tax related to the write-off of inventory and
software development for “WWF”-branded games that we have been prevented from shipping pursuant to an action by the World Wide Fund for Nature
against World Wrestling Entertainment, Inc.
For the quarter ended March 31, 2003, net loss includes a charge of $1.8 million due to the other than temporary impairment of our investment in Yuke’s Co., Ltd.
For the quarter ended September 30, 2003, net income included a $4.0 million benefit for a settlement of a dispute with our directors’ and officers’
insurance carrier related to a previous securities litigation settlement.
82:83
THQ : 2004 : ANNUAL REPORT