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9. Summary Quarterly Information (Unaudited)
A summary of the unaudited quarterly results for the nine months ended December 31, 2002 and the year ended March
31, 2002 is presented below (in thousands):
For the Three Months Ended (1)
June 30, September 30, December 31,
2002 2002 2002
Revenu
e
458,909$ 510,601$ 577,387$
Gross profi
t
20,106$ 20,13
4
$ 22,681$
Net incom
e
4,40
6
$ 747$ (2) 4,719$
Basic earnings per shar
e
0.42$ 0.07$ (2) 0.45$
Diluted earnings per shar
e
0.41$ 0.07$ (2) 0.43$
For the Three Months Ended
June 30, September 30, December 31, March 31,
2001 2001 2001 2002
Revenu
e
338,107$ 349,710$ 325,964$ 351,284$
Gross profi
t
18,297$ 17,882$ 18,849$ 21,146$
Net incom
e
4,687$ (3) 3,602$ 4,473$ 4,473$
Basic earnings per shar
e
0.45$ (3) 0.35$ 0.43$ 0.43$
Diluted earnings per shar
e
0.4
4
$ (3) 0.3
4
$ 0.42$ 0.42$
(1)
(2)
(3) Includes the receipt of $1.0 million, or $0.10 per basic share and $0.09 per diluted share, from an insurance
settlement recover
y
related to a
p
roduct theft off the coast of Ni
g
eria in 1999.
Includes two non-recurring, after-tax charges totaling $3.7 million, or $0.36 per basic share and $0.34 per diluted
share, relating to judgment settlement and executive severances. See Legal Matters and Employment Agreements
in Note 5 for additional information.
In August 2002, we changed our fiscal year end from March 31 to a calendar year end of December 31. We
initiated this change so we could be more directly comparable to other public companies that use a calendar year
for their fiscal year. This change was first effective with respect to the nine months ended December 31, 2002.
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