CONDENSED QUARTERLY FINANCIAL INFORMATION (unaudited)

12 Months Ended

Dec. 31, 2012

CONDENSED QUARTERLY FINANCIAL INFORMATION (unaudited)

NOTE 13. CONDENSED QUARTERLY FINANCIAL INFORMATION (unaudited)

The following tables present the Company’s unaudited quarterly results for 2012 and 2011.

	Quarter Ended
	March 31, 2012			June 30, 2012			September 30, 2012			December 31, 2012
	(dollars in thousands, except per share amounts)
Net Sales	$	188,034		$	210,347		$	204,291		$	210,655
Gross Profit		70,137			78,480			77,886			82,282
Selling, General and Administrative Expenses		56,819			58,685			57,135			57,800
Operating Income		13,318			19,795			20,751			24,482
Net Income	$	8,197		$	12,177		$	12,882		$	13,808	(1)
Net Income per Common Share – Basic	$	0.29		$	0.44		$	0.47		$	0.51
Net Income per Common Share – Diluted	$	0.29		$	0.43		$	0.46		$	0.50
Number of Stores Opened in Quarter		4			10			7			4
Comparable Store Net Sales Increase		7.5	%		12.4	%		12.0	%		13.2	%
Effective Tax Rate		38.6	%		38.6	%		38.0	%		43.7	%

(1) Net income included $1,267 of income tax expense related to the recording of a full valuation allowance on the net deferred tax assets in Canada in the quarter ended December 31, 2012.

	Quarter Ended
	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
	(dollars in thousands, except per share amounts)
Net Sales	$	159,680		$	175,460		$	171,993		$	174,454
Gross Profit		57,793			59,724			61,248			61,910
Selling, General and Administrative Expenses		48,453			51,051			50,327			48,405
Operating Income		9,340			8,673			10,921			13,505
Net Income	$	5,777		$	5,287		$	6,735		$	8,458
Net Income per Common Share – Basic	$	0.21		$	0.19		$	0.24		$	0.30
Net Income per Common Share – Diluted	$	0.20		$	0.19		$	0.24		$	0.30
Number of Stores Opened in Quarter		16			11			6			7
Comparable Store Net Sales Increase (Decrease)		(4.3	%)		(7.9	%)		3.0	%		1.9	%
Effective Tax Rate		38.7	%		39.5	%		39.2	%		38.7	%