| Consolidated Statement of Income Data |
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 30,
2013 (1)
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June 29,
2013 (2)
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Sep. 28,
2013 |
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Dec. 28,
2013 |
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March 31,
2012 |
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June 30,
2012 |
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Sep. 29,
2012 (3)
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Dec. 29,
2012 (4)
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Consolidated
Statement of Income Data:
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Net sales
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$ |
65,405 |
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$ |
67,889 |
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$ |
61,724 |
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$ |
59,735 |
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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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Gross profit
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19,738 |
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19,013 |
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17,907 |
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17,475 |
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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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(Loss)
income from operations
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(3,142 |
) |
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(9,342 |
) |
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(1,246 |
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(1,037 |
) |
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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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Loss before
income taxes
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(3,322 |
) |
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(9,498 |
) |
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(1,398 |
) |
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(1,373 |
) |
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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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Net loss
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$ |
(3,343 |
) |
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$ |
(9,567 |
) |
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$ |
(1,399 |
) |
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$ |
(1,325 |
) |
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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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Basic and diluted
net loss per share as reported and adjusted
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$ |
(0.11 |
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$ |
(0.29 |
) |
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$ |
(0.04 |
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$ |
(0.04 |
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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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Shares used in computation
of basic and diluted net loss per share as reported and
adjusted
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31,141 |
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33,119 |
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33,218 |
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33,308 |
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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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| (1) |
Included severance charges of $498 due to reduction in
workforce.
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| (2) |
Included impairment loss on property and equipment and
intangible assets of $4,832 and $1,245, respectively, and severance
charges of $225 due to reduction in workforce.
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| (3) |
Included restructuring costs of $640 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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| (4) |
Included impairment loss on goodwill, property and equipment
and intangible assets of $18,854, $1,960 and $5,613,
respectively.
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