| SUMMARY OF QUARTERLY OPERATIONS - UNAUDITED |
NOTE 17: SUMMARY OF QUARTERLY OPERATIONS — UNAUDITED
The following tables presents the Company’s unaudited summary of quarterly operations during 2014 and 2013 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,
2014
|
|
June 30,
2014
|
|
September
30, 2014
|
|
December
31, 2014
|
|
|
Net sales revenue
|
|
$
|
93,467
|
|
$
|
92,831
|
|
$
|
93,406
|
|
$
|
86,663
|
|
|
Cost of sales
|
|
(22,581
|
)
|
(22,793
|
)
|
(22,742
|
)
|
(23,468
|
)
|
|
Gross profit
|
|
70,886
|
|
70,038
|
|
70,664
|
|
63,195
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volume incentives
|
|
34,893
|
|
34,270
|
|
34,918
|
|
31,727
|
|
|
Selling, general and administrative
|
|
29,152
|
|
29,941
|
|
30,200
|
|
30,634
|
|
|
Operating income
|
|
6,841
|
|
5,827
|
|
5,546
|
|
834
|
|
|
Other income (expense)
|
|
(262
|
)
|
(79
|
)
|
(42
|
)
|
349
|
|
|
Income from continuing operations before income taxes
|
|
6,579
|
|
5,748
|
|
5,504
|
|
1,183
|
|
|
Provision (benefit) for income taxes
|
|
(3,657
|
)
|
2,198
|
|
407
|
|
309
|
|
|
Net income from continuing operations
|
|
10,236
|
|
3,550
|
|
5,097
|
|
874
|
|
|
Loss from discontinued operations
|
|
(571
|
)
|
(316
|
)
|
(4,106
|
)
|
(4,964
|
)
|
|
Net income (loss)
|
|
9,665
|
|
3,234
|
|
991
|
|
(4,090
|
)
|
|
Net income (loss) attributable to noncontrolling interests
|
|
—
|
|
—
|
|
(26
|
)
|
(193
|
)
|
|
Net income (loss) attributable to common shareholders
|
|
$
|
9,665
|
|
$
|
3,234
|
|
$
|
1,017
|
|
$
|
(3,897
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net income per common share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Basic:
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|
|
|
|
|
|
|
|
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Net income from continuing operations
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|
$
|
0.63
|
|
$
|
0.22
|
|
$
|
0.30
|
|
$
|
0.05
|
|
|
Income (loss) from discontinued operations
|
|
$
|
(0.03
|
)
|
$
|
(0.02
|
)
|
$
|
(0.24
|
)
|
$
|
(0.26
|
)
|
|
Net income (loss) attributable to common shareholders
|
|
$
|
0.60
|
|
$
|
0.20
|
|
$
|
0.06
|
|
$
|
(0.21
|
)
|
|
|
|
|
|
|
|
|
|
|
|
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Diluted:
|
|
|
|
|
|
|
|
|
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|
Net income from continuing operations
|
|
$
|
0.61
|
|
$
|
0.22
|
|
$
|
0.29
|
|
$
|
0.05
|
|
|
Income (loss) from discontinued operations
|
|
$
|
(0.03
|
)
|
$
|
(0.02
|
)
|
$
|
(0.23
|
)
|
$
|
(0.25
|
)
|
|
Net income (loss) attributable to common shareholders
|
|
$
|
0.58
|
|
$
|
0.20
|
|
$
|
0.06
|
|
$
|
(0.20
|
)
|
|
|
|
|
|
|
|
|
|
|
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Dividends declared per common share
|
|
$
|
0.10
|
|
$
|
0.10
|
|
$
|
1.60
|
|
$
|
0.10
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|
|
|
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For the Quarter Ended
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|
|
|
|
March 31,
2013
|
|
June 30,
2013
|
|
September
30, 2013
|
|
December
31, 2013
|
|
|
Net sales revenue
|
|
$
|
94,375
|
|
$
|
91,782
|
|
$
|
90,405
|
|
$
|
93,264
|
|
|
Cost of sales
|
|
(23,741
|
)
|
(22,075
|
)
|
(22,917
|
)
|
(23,611
|
)
|
|
Gross profit
|
|
70,634
|
|
69,707
|
|
67,488
|
|
69,653
|
|
|
|
|
|
|
|
|
|
|
|
|
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Volume incentives
|
|
34,182
|
|
33,838
|
|
33,203
|
|
34,293
|
|
|
Selling, general and administrative
|
|
29,522
|
|
28,068
|
|
27,773
|
|
33,020
|
|
|
Operating income
|
|
6,930
|
|
7,801
|
|
6,512
|
|
2,340
|
|
|
Other income (expense)
|
|
438
|
|
1,522
|
|
(216
|
)
|
249
|
|
|
Income from continuing operations before income taxes
|
|
7,368
|
|
9,323
|
|
6,296
|
|
2,589
|
|
|
Provision for income taxes
|
|
2,302
|
|
3,235
|
|
1,610
|
|
776
|
|
|
Net income from continuing operations
|
|
5,066
|
|
6,088
|
|
4,686
|
|
1,813
|
|
|
Income (loss) from discontinued operations
|
|
(202
|
)
|
(36
|
)
|
164
|
|
30
|
|
|
Net income
|
|
4,864
|
|
6,052
|
|
4,850
|
|
1,843
|
|
|
Net income (loss) attributable to noncontrolling interests
|
|
—
|
|
—
|
|
—
|
|
—
|
|
|
Net income attributable to common shareholders
|
|
$
|
4,864
|
|
$
|
6,052
|
|
$
|
4,850
|
|
$
|
1,843
|
|
|
|
|
|
|
|
|
|
|
|
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Basic and diluted net income per common share
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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Basic:
|
|
|
|
|
|
|
|
|
|
|
Net income from continuing operations
|
|
$
|
0.32
|
|
$
|
0.38
|
|
$
|
0.29
|
|
$
|
0.11
|
|
|
Income (loss) from discontinued operations
|
|
$
|
(0.01
|
)
|
$
|
—
|
|
$
|
0.01
|
|
$
|
—
|
|
|
Net income attributable to common shareholders
|
|
$
|
0.31
|
|
$
|
0.38
|
|
$
|
0.30
|
|
$
|
0.11
|
|
|
|
|
|
|
|
|
|
|
|
|
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Diluted:
|
|
|
|
|
|
|
|
|
|
|
Net income from continuing operations
|
|
$
|
0.31
|
|
$
|
0.38
|
|
$
|
0.28
|
|
$
|
0.11
|
|
|
Income (loss) from discontinued operations
|
|
$
|
(0.01
|
)
|
$
|
—
|
|
$
|
0.01
|
|
$
|
—
|
|
|
Net income attributable to common shareholders
|
|
$
|
0.30
|
|
$
|
0.38
|
|
$
|
0.29
|
|
$
|
0.11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends declared per common share
|
|
$
|
0.10
|
|
$
|
0.10
|
|
$
|
1.60
|
|
$
|
0.10
|
|
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.
|