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UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:
12 Months Ended
Mar. 31, 2011
UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:  
UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:

18.           UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:

 

(dollars in thousands)

 

 

 

Quarter ended
June 30, 2010

 

Quarter ended
September 30, 2010

 

Quarter ended
December 31, 2010

 

Quarter ended
March 31, 2011

 

Revenue

 

$

270,395

 

$

291,669

 

$

299,110

 

$

298,796

 

Gross profit

 

59,974

 

67,662

 

72,266

 

75,180

 

Income (loss) from operations

 

22,076

 

27,310

 

34,575

 

(53,037

)

Net earnings (loss)

 

9,436

 

12,697

 

20,414

 

(70,989

)

Net earnings (loss) attributable to Acxiom

 

9,805

 

13,281

 

20,823

 

(67,056

)

Basic earnings (loss) per share

 

0.12

 

0.16

 

0.25

 

(0.88

)

Diluted earnings (loss) per share

 

0.12

 

0.16

 

0.25

 

(0.88

)

Basic earnings (loss) per share attributable to Acxiom stockholders

 

0.12

 

0.17

 

0.26

 

(0.83

)

Diluted earnings (loss) per share attributable to Acxiom stockholders

 

0.12

 

0.16

 

0.25

 

(0.83

)

 

(dollars in thousands)

 

 

 

Quarter ended
June 30, 2009

 

Quarter ended
September 30, 2009

 

Quarter ended
December 31, 2009

 

Quarter ended
March 31, 2010

 

Revenue

 

$

255,981

 

$

271,105

 

$

283,807

 

$

288,342

 

Gross profit

 

50,486

 

59,184

 

73,874

 

76,422

 

Income from operations

 

12,496

 

21,247

 

29,859

 

35,211

 

Net earnings (loss)

 

4,194

 

9,445

 

14,158

 

16,362

 

Net earnings (loss) attributable to Acxiom

 

4,194

 

9,445

 

14,262

 

16,648

 

Basic earnings (loss) per share

 

0.05

 

0.12

 

0.18

 

0.21

 

Diluted earnings (loss) per share

 

0.05

 

0.12

 

0.18

 

0.20

 

Basic earnings (loss) per share attributable to Acxiom stockholders

 

0.05

 

0.12

 

0.18

 

0.21

 

Diluted earnings (loss) per share attributable to Acxiom stockholders

 

0.05

 

0.12

 

0.18

 

0.21

 

 

 

 

 

 

 

 

 

 

 

 

In the fourth quarter of fiscal 2011 the Company recorded impairment of goodwill and other intangible assets of $79.7 million.  Also in the fourth quarter of fiscal 2011 the Company recorded a total of $8.2 million in gains, losses and other items, net in the consolidated statements of operations.  The total included $3.3 million related to the disposal of the Netherlands and Portugal operations and $5.5 million of restructuring charges, offset by a credit of $0.6 million related to the reduction of an earnout liability.  In the fourth quarter of fiscal 2011 the Company also recorded $1.6 million in other, net related to the impairment of an investment.

 

In the third quarter of fiscal 2011, the Company recorded adjustments primarily to restructuring and legal accruals totaling $3.6 million recorded in gains, losses and other items, net. In addition, the Company reduced a reserve for unrecognized tax benefits by approximately $3.5 million due to the expiration of the related statute of limitations.

 

In the fourth quarter of fiscal 2010 the Company recorded a gain of $1.8 million in gains, losses, and other items in the consolidated statement of operations.  The reversal of expense was related to a $1.5 million reversal of lease restructuring charges, a $0.2 million reversal of other restructuring charges, and a $0.1 additional gain recorded on the disposition of operations in France.

 

In the third quarter of fiscal 2010 the Company recorded a total of $0.5 million expense in gains, losses, and other items in the consolidated statement of operations.  These charges included a $1.0 million loss recorded on a contingent liability netted against a $0.5 million additional gain recorded on the disposition of operations in France.

 

In the first quarter of fiscal 2010 the Company recorded $0.3 million expense in gains, losses and other items in the consolidated statement of operations.  The adjustments were related to previous restructuring charges.