| Quarterly Information |
| 14. |
Unaudited Quarterly Information |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Quarter Ended |
|
|
(in thousands, except per share data) |
|
March 31,
2011 |
|
|
June 30,
2011 |
|
|
September 30,
2011 |
|
|
December 31,
2011 |
|
|
Net revenues |
|
$ |
12,957 |
|
|
$ |
13,133 |
|
|
$ |
14,505 |
|
|
$ |
14,042 |
|
|
Gross profit |
|
|
9,053 |
|
|
|
8,988 |
|
|
|
9,232 |
|
|
|
8,082 |
|
|
Sales, general and administrative expenses |
|
|
8,826 |
|
|
|
8,167 |
|
|
|
8,347 |
|
|
|
8,779 |
|
|
Asset impairment charges |
|
|
— |
|
|
|
44,213 |
|
|
|
23,379 |
|
|
|
— |
|
|
Total other expense |
|
|
(544 |
) |
|
|
(479 |
) |
|
|
(659 |
) |
|
|
(539 |
) |
|
Loss before income taxes |
|
|
(317 |
) |
|
|
(43,871 |
) |
|
|
(23,153 |
) |
|
|
(1,236 |
) |
|
Net loss |
|
|
(171 |
) |
|
|
(27,886 |
) |
|
|
(16,623 |
) |
|
|
(763 |
) |
|
Loss per share — basic |
|
|
(0.01 |
) |
|
|
(1.32 |
) |
|
|
(0.79 |
) |
|
|
(0.04 |
) |
|
Loss per share — diluted |
|
|
(0.01 |
) |
|
|
(1.32 |
) |
|
|
(0.79 |
) |
|
|
(0.04 |
) |
| |
|
| |
|
Quarter Ended |
|
|
(in thousands, except per share data) |
|
March 31,
2010 |
|
|
June 30,
2010 |
|
|
September 30,
2010 |
|
|
December 31,
2010 |
|
|
Net revenues |
|
$ |
10,934 |
|
|
$ |
10,487 |
|
|
$ |
12,733 |
|
|
$ |
13,075 |
|
|
Gross profit |
|
|
8,120 |
|
|
|
7,520 |
|
|
|
8,897 |
|
|
|
9,009 |
|
|
Sales, general and administrative expenses |
|
|
6,628 |
|
|
|
7,774 |
|
|
|
8,069 |
|
|
|
12,013 |
|
|
Total other (expense) income |
|
|
(1,194 |
) |
|
|
(319 |
) |
|
|
(359 |
) |
|
|
(412 |
) |
|
Income (loss) before income taxes |
|
|
298 |
|
|
|
(573 |
) |
|
|
469 |
|
|
|
(3,416 |
) |
|
Net (loss) income |
|
|
(12 |
) |
|
|
144 |
|
|
|
174 |
|
|
|
(2,158 |
) |
|
(Loss) earnings per share — basic |
|
|
— |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
(0.11 |
) |
The significant increase in net loss for the three month periods ended June 30, 2011 and September 30, 2011 are due to the asset impairment charges of $44.2 million and $23.4 million, respectively, recorded by the Company. See Note 6 for additional explanation of asset impairment charges. |