THQ 2011 Annual Report Download - page 95

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7+4,QFDQG6XEVLGLDULHV
5HFRQFLOLDWLRQRI*$$3QHWORVVWR1RQ*$$3QHWLQFRPHORVVD
(In thousands, except per share data)
Net sales
Change in deferred net revenue
1RQ*$$3QHWVDOHV
)RUWKH7KUHH0RQWKV
(QGHG0DUFK

$ 124,237
124,316
 

$ 197,668
(253)
 
)RUWKH7ZHOYH0RQWKV
(QGHG0DUFK

$ 665,258
137,075
 

$ 899,137
(10,485)
 
Operating loss
Non-GAAP adjustments affecting operating loss:
JAKKS preferred return rate reduction (b)
JAKKS and WWE settlement (c)
Change in deferred net revenue
Change in deferred cost of sales (d)
License impairment charges (e)
Business realignment expenses (d)
Stock-based compensation and related costs (d)
Amortization of capitalized interest (f)
Total non-GAAP adjustments affecting operating loss
1RQ*$$3RSHUDWLQJLQFRPHORVV
)RUWKH7KUHH0RQWKV
(QGHG0DUFK

$ (49,571)
—
—
124,316
(67,262)
—
2,232
2,017
672
61,975
 

$ (9,380)
—
—
(253)
303
—
11,715
2,535
—
14,300
 
)RUWKH7ZHOYH0RQWKV
(QGHG0DUFK

$ (135,694)
—
—
137,075
(68,518)
30,296
13,145
8,843
672
121,513
 

$ (9,649)
(24,221)
29,488
(10,485)
5,462
—
14,812
10,196
—
25,252
 
Net loss attributable to THQ Inc.
Non-GAAP adjustments:
Non-GAAP adjustments affecting operating loss
Realignment attributable to noncontrolling interest (g)
Gain on sale of investments (h)
Mark-to-market adjustments on investments (i)
Capitalized interest expense (f)
Interest and other income (expense), net
Income tax adjustments (j)
1RQ*$$3QHWLQFRPHORVV
1RQ*$$3HDUQLQJVORVVSHUVKDUHN
)RUWKH7KUHH0RQWKV
(QGHG0DUFK

$ (44,056)
61,975
—
—
—
(4,990)
—
(2,477)
 
 

$ (10,398)
14,300
(1,050)
—
(2)
—
—
1,566
 
 
)RUWKH7ZHOYH0RQWKV
(QGHG0DUFK

$ (136,098)
121,513
—
(107)
—
(4,990)
(72)
3,752
 
 

$ (9,017)
25,252
(1,050)
(640)
(157)
—
(63)
(1,657)
 
 
___________________
Notes:
(a) See explanation above regarding the company's practice on reporting non-GAAP financial measures.
(b) Represents the one-time reduction in accrued joint venture partner expense resulting from the settlement of the preferred return rate with
JAKKS Pacific.
(c) Represents the expense related to the settlement of litigation with WWE and JAKKS Pacific in December 2009.
(d) See table below for further detail related to income statement classification of these adjustments.