Schedule of Quarterly Financial Information |
Unaudited quarterly financial information for 2013 and 2012 is as follows:
Year Ended March 31, 2013 | | | | | | | | | | | | | | | | | | | | Quarterly Period Ended | (In thousands, except for per share data) | | June 30, 2012 |
| | September 30, 2012 |
| | December 31, 2012 |
| | March 31, 2013 |
| Total revenues | | $ | 146,997 |
| | $ | 161,855 |
| | $ | 160,232 |
| | $ | 154,513 |
| Cost of sales (exclusive of depreciation shown below) | | 63,393 |
| | 71,310 |
| | 75,235 |
| | 66,443 |
| Gross profit | | 83,604 |
| | 90,545 |
| | 84,997 |
| | 88,070 |
| | | | | | | | | | Operating expenses | | |
| | |
| | |
| | |
| Advertising and promotion | | 20,325 |
| | 23,508 |
| | 23,538 |
| | 23,259 |
| General and administrative | | 16,151 |
| | 12,585 |
| | 11,378 |
| | 11,353 |
| Depreciation and amortization | | 3,295 |
| | 3,296 |
| | 3,359 |
| | 3,285 |
| | | 39,771 |
| | 39,389 |
| | 38,275 |
| | 37,897 |
| Operating income | | 43,833 |
| | 51,156 |
| | 46,722 |
| | 50,173 |
| Net interest expense | | 19,848 |
| | 19,660 |
| | 26,661 |
| | 18,238 |
| Gain on settlement | | — |
| | — |
| | — |
| | — |
| Loss on extinguishment of debt | | — |
| | — |
| | — |
| | 1,443 |
| Income before income taxes | | 23,985 |
| | 31,496 |
| | 20,061 |
| | 30,492 |
| Provision for income taxes | | 9,330 |
| | 12,252 |
| | 7,804 |
| | 11,143 |
| Net income | | 14,655 |
| | 19,244 |
| | 12,257 |
| | 19,349 |
| | | | | | | | | | | | | | | | | | | Earnings per share: | | | | | | | | | Basic | | $ | 0.29 |
| | $ | 0.38 |
| | $ | 0.24 |
| | $ | 0.38 |
| Diluted | | $ | 0.29 |
| | $ | 0.38 |
| | $ | 0.24 |
| | $ | 0.37 |
| | | | | | | | | | Weighted average shares outstanding: | | | | | | | | | Basic | | 50,342 |
| | 50,364 |
| | 50,686 |
| | 51,147 |
| Diluted | | 51,106 |
| | 51,225 |
| | 51,523 |
| | 51,913 |
| | | | | | | | | | Comprehensive income, net of tax: | | | | | | | | | Currency translation adjustments | | (42 | ) | | 66 |
| | (1 | ) | | (114 | ) | Total other comprehensive income (loss) | | (42 | ) | | 66 |
| | (1 | ) | | (114 | ) | Comprehensive income | | 14,613 |
| | 19,310 |
| | 12,256 |
| | 19,235 |
|
Year Ended March 31, 2012
| | | | | | | | | | | | | | | | | | | | Quarterly Period Ended | (In thousands, except for per share data) | | June 30, 2011 |
| | September 30, 2011 |
| | December 31, 2011 |
| | March 31, 2012 |
| Total revenues | | $ | 95,295 |
| | $ | 105,544 |
| | $ | 106,250 |
| | $ | 133,996 |
| Cost of sales (exclusive of depreciation shown below) | | 45,427 |
| | 51,638 |
| | 51,128 |
| | 65,508 |
| Gross profit | | 49,868 |
| | 53,906 |
| | 55,122 |
| | 68,488 |
| | | | | | | | | | Operating expenses | | |
| | |
| | |
| | |
| Advertising and promotion | | 10,233 |
| | 13,073 |
| | 15,274 |
| | 18,547 |
| General and administrative | | 9,850 |
| | 8,861 |
| | 13,655 |
| | 24,334 |
| Depreciation and amortization | | 2,550 |
| | 2,570 |
| | 2,563 |
| | 3,051 |
| | | 22,633 |
| | 24,504 |
| | 31,492 |
| | 45,932 |
| Operating income | | 27,235 |
| | 29,402 |
| | 23,630 |
| | 22,556 |
| Net interest expense | | 8,578 |
| | 8,279 |
| | 8,116 |
| | 16,347 |
| Gain on settlement | | (5,063 | ) | | — |
| | — |
| | — |
| Loss on extinguishment of debt | | — |
| | — |
| | — |
| | 5,409 |
| Income before income taxes | | 23,720 |
| | 21,123 |
| | 15,514 |
| | 800 |
| Provision for income taxes | | 8,952 |
| | 8,174 |
| | 6,004 |
| | 815 |
| Net income (loss) | | 14,768 |
| | 12,949 |
| | 9,510 |
| | (15 | ) | | | | | | | | | | Earnings per share: | | | | | | | | | Basic | | $ | 0.29 |
| | $ | 0.26 |
| | $ | 0.19 |
| | $ | — |
| Diluted | | $ | 0.29 |
| | $ | 0.26 |
| | $ | 0.19 |
| | $ | — |
| | | | | | | | | | Weighted average shares outstanding: | | | | | | | | | Basic | | 50,183 |
| | 50,278 |
| | 50,307 |
| | 50,314 |
| Diluted | | 50,646 |
| | 50,671 |
| | 50,684 |
| | 50,992 |
| | | | | | | | | | Comprehensive income, net of tax: | | | | | | | | | Currency translation adjustments | | (10 | ) | | (42 | ) | | (18 | ) | | 57 |
| Total other comprehensive income (loss) | | (10 | ) | | (42 | ) | | (18 | ) | | 57 |
| Comprehensive income | | 14,758 |
| | 12,907 |
| | 9,492 |
| | 42 |
|
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