Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales revenue $ 79,586 $ 93,406 $ 244,711 $ 279,704
Cost of sales (20,643) (22,742) (63,592) (68,116)
Gross profit 58,943 70,664 181,119 211,588
Operating expenses:        
Volume incentives 28,690 34,918 88,630 104,081
Selling, general and administrative 27,115 30,200 80,837 89,293
Operating income 3,138 5,546 11,652 18,214
Other income (loss), net (247) (42) (567) (383)
Income from continuing operations before provision for income taxes 2,891 5,504 11,085 17,831
Provision (benefit) for income taxes 1,284 407 2,880 (1,052)
Net income from continuing operations 1,607 5,097 8,205 18,883
Income (loss) from discontinued operations 804 (4,106) 2,116 (4,993)
Net income 2,411 991 10,321 13,890
Net loss attributable to non-controlling interests (355) (26) (673) (26)
Net income attributable to common shareholders $ 2,766 $ 1,017 $ 10,994 $ 13,916
Basic:        
Net income from continuing operations (in dollars per share) $ 0.09 $ 0.29 $ 0.44 $ 1.14
Income (loss) from discontinued operations (in dollars per share) 0.04 (0.24) 0.11 (0.30)
Net income attributable to common shareholders (in dollars per share) 0.15 0.06 0.59 0.84
Diluted:        
Net income from continuing operations (in dollars per share) 0.08 0.29 0.43 1.11
Income (loss) from discontinued operations (in dollars per share) 0.04 (0.23) 0.11 (0.29)
Net income attributable to common shareholders (in dollars per share) $ 0.15 $ 0.06 $ 0.57 $ 0.82
Weighted average basic common shares outstanding (in shares) 18,688 17,310 18,678 16,563
Weighted average diluted common shares outstanding (in shares) 19,117 17,812 19,193 17,068
Dividends declared per common share (in dollars per share) $ 0.10 $ 1.60 $ 0.30 $ 1.80