| SUMMARY OF QUARTERLY OPERATIONS - UNAUDITED |
NOTE 16: SUMMARY OF QUARTERLY OPERATIONS — UNAUDITED
The following tables presents the Company’s unaudited summary of quarterly operations during 2013 and 2012 for each of three month periods ended March 31, June 30, September 30, and December 31.
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|
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For the Quarter Ended
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|
|
|
|
March 31,
2013
|
|
June 30,
2013
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|
September
30, 2013
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|
December
31, 2013
|
|
|
Net sales revenue
|
|
$
|
96,479
|
|
$
|
93,675
|
|
$
|
92,458
|
|
$
|
95,484
|
|
|
Cost of sales
|
|
(24,445
|
)
|
(22,630
|
)
|
(23,655
|
)
|
(24,084
|
)
|
|
Gross profit
|
|
72,034
|
|
71,045
|
|
68,803
|
|
71,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volume incentives
|
|
34,975
|
|
34,525
|
|
33,920
|
|
35,062
|
|
|
Selling, general and administrative
|
|
30,117
|
|
28,709
|
|
28,170
|
|
33,747
|
|
|
Operating income
|
|
6,942
|
|
7,811
|
|
6,713
|
|
2,591
|
|
|
Other income (expense)
|
|
330
|
|
1,482
|
|
(269
|
)
|
53
|
|
|
Income before income taxes
|
|
7,272
|
|
9,293
|
|
6,444
|
|
2,644
|
|
|
Tax provision
|
|
2,408
|
|
3,241
|
|
1,594
|
|
801
|
|
|
Net income
|
|
$
|
4,864
|
|
$
|
6,052
|
|
$
|
4,850
|
|
$
|
1,843
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net income per common share
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
|
|
|
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Basic:
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|
|
|
|
|
|
|
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Net income per common share
|
|
$
|
0.31
|
|
$
|
0.38
|
|
$
|
0.30
|
|
$
|
0.11
|
|
|
|
|
|
|
|
|
|
|
|
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Diluted:
|
|
|
|
|
|
|
|
|
|
|
Net income per common share
|
|
$
|
0.30
|
|
$
|
0.38
|
|
$
|
0.29
|
|
$
|
0.11
|
|
|
|
|
|
|
|
|
|
|
|
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Dividends declared per common share
|
|
$
|
0.10
|
|
$
|
0.10
|
|
$
|
1.60
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|
$
|
0.10
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|
|
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For the Quarter Ended
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|
|
|
|
March 31,
2012
|
|
June 30,
2012
|
|
September
30, 2012
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|
December
31, 2012
|
|
|
Net sales revenue
|
|
$
|
92,868
|
|
$
|
92,991
|
|
$
|
91,232
|
|
$
|
90,377
|
|
|
Cost of sales
|
|
(23,729
|
)
|
(22,610
|
)
|
(23,144
|
)
|
(23,841
|
)
|
|
Gross profit
|
|
69,139
|
|
70,381
|
|
68,088
|
|
66,536
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volume incentives
|
|
33,581
|
|
33,540
|
|
33,155
|
|
32,991
|
|
|
Selling, general and administrative
|
|
26,384
|
|
26,530
|
|
26,228
|
|
27,719
|
|
|
Operating income
|
|
9,174
|
|
10,311
|
|
8,705
|
|
5,826
|
|
|
Other income (expense)
|
|
(110
|
)
|
165
|
|
(214
|
)
|
1,639
|
|
|
Income before income taxes
|
|
9,064
|
|
10,476
|
|
8,491
|
|
7,465
|
|
|
Tax provision
|
|
1,836
|
|
3,190
|
|
2,121
|
|
2,969
|
|
|
Net income
|
|
$
|
7,228
|
|
$
|
7,286
|
|
$
|
6,370
|
|
$
|
4,496
|
|
|
Basic and diluted net income per common share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Basic:
|
|
|
|
|
|
|
|
|
|
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Net income per common share
|
|
$
|
0.46
|
|
$
|
0.47
|
|
$
|
0.41
|
|
$
|
0.28
|
|
|
|
|
|
|
|
|
|
|
|
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Diluted:
|
|
|
|
|
|
|
|
|
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Net income per common share
|
|
$
|
0.46
|
|
$
|
0.46
|
|
$
|
0.40
|
|
$
|
0.28
|
|
|
|
|
|
|
|
|
|
|
|
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Dividends declared per common share
|
|
$
|
—
|
|
$
|
0.05
|
|
$
|
0.05
|
|
$
|
0.05
|
|
Basic and diluted income per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly net loss per share may not equal the total computed for the year.
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