| Quarterly Information |
Note 14 – Quarterly Information (Unaudited)
The following quarterly information 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. The sum of the four quarters may not agree to the year total due to rounding within a quarter.
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Thirteen Weeks Ended |
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Thirteen Weeks Ended |
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April 3,
2010 |
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July 3,
2010 |
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Oct. 2,
2010 |
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Jan 1,
2011 |
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April 2,
2011 |
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July 2,
2011 |
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Oct. 1,
2011 |
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Dec 31,
2011 |
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(in thousands, except share and per share data) |
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Consolidated Statement of Income Data:
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Net sales
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$ |
56,291 |
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$ |
53,188 |
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$ |
72,349 |
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$ |
80,450 |
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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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19,807 |
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18,397 |
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24,007 |
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27,399 |
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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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Income (loss) from operations
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2,475 |
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658 |
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(1,980 |
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(2,580 |
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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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Income (loss) before income taxes
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2,497 |
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|
687 |
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(2,060 |
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(2,832 |
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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 income (loss)
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$ |
1,547 |
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$ |
462 |
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$ |
(13,039 |
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$ |
(2,896 |
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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 net income (loss) per share as reported and adjusted
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$ |
0.05 |
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$ |
0.02 |
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$ |
(0.43 |
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$ |
(0.10 |
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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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Diluted net income (loss) per share as reported and adjusted
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$ |
0.05 |
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$ |
0.01 |
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$ |
(0.43 |
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$ |
(0.10 |
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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 net income (loss) per share as reported and adjusted
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30,003,117 |
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30,314,478 |
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30,357,988 |
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30,402,264 |
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30,450,078 |
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30,543,037 |
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30,571,472 |
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30,617,963 |
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Shares used in computation of diluted net income (loss) per share as reported and adjusted
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31,425,002 |
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31,994,447 |
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30,357,988 |
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30,402,264 |
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31,450,078 |
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30,543,037 |
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30,571,472 |
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30,617,963 |
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