| Quarterly Information (Unaudited) |
Note 15 – Quarterly Information (Unaudited)
The following quarterly information (in thousands, except per share data) includes all adjustments which management
considers necessary for a fair presentation of such information. For interim quarterly financial statements, the provision for income taxes is estimated using the best available information for projected results for the entire year.
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Thirteen Weeks Ended |
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Thirteen Weeks Ended |
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March 31,
2012 |
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June 30,
2012 |
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Sep. 29,
2012
(1)
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Dec. 29,
2012
(2)
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April 2,
2011
(3)
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July 2,
2011
(3)
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Oct. 1,
2011
(3)
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Dec 31,
2011
(3) (4)
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Consolidated Statement of Income Data:
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Net sales
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$ |
87,436 |
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$ |
80,719 |
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$ |
73,014 |
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$ |
62,848 |
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$ |
86,978 |
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$ |
84,268 |
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$ |
78,593 |
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$ |
77,233 |
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Gross profit
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26,628 |
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24,341 |
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22,893 |
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17,776 |
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30,416 |
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28,414 |
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24,345 |
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23,825 |
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(Loss) income from operations
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(486 |
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(1,031 |
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(2,548 |
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(31,725 |
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23 |
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(2,231 |
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(5,216 |
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(8,571 |
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Loss before income taxes
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(664 |
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(1,568 |
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(2,670 |
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(32,013 |
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(227 |
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(2,369 |
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(5,306 |
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(8,747 |
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Net loss
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$ |
(788 |
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$ |
(1,696 |
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$ |
(2,711 |
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$ |
(30,783 |
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$ |
(245 |
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$ |
(2,564 |
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$ |
(5,308 |
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$ |
(7,020 |
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Basic and diluted net loss per share as reported and adjusted
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$ |
(0.03 |
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$ |
(0.06 |
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$ |
(0.09 |
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$ |
(0.99 |
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$ |
(0.01 |
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$ |
(0.08 |
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$ |
(0.17 |
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$ |
(0.23 |
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Shares used in computation of basic and diluted net loss per share as reported and adjusted
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30,638 |
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30,651 |
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30,854 |
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31,128 |
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30,450 |
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30,543 |
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30,571 |
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30,618 |
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(1
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Included restructuring costs of $0.6 million related to severance charges incurred due to reduction in workforce from the closure of our call center in
La Salle, Illinois.
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(2
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Included
impairment loss on goodwill, property and equipment and intangible assets of $18.9 million, $1.9 million and $5.6 million, respectively.
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(3
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Included acquisition and integration costs of $1.2 million, $1.5 million, $3.8 million and $0.8 million for the thirteen weeks ended April 2,
2011, July 2, 2011, October 1, 2011 and December 31, 2011, respectively, related to our WAG acquisition.
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(4
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Included a $5.1
million impairment loss on intangible assets.
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