Quarterly financial data (unaudited) |
19. Quarterly financial data (unaudited)
Condensed Consolidated Statement of Operations
(U.S. Dollars, in thousands, except per share data)
(U.S. Dollars, in thousands, except share and per share data) |
|
1st Quarter |
|
|
2nd Quarter |
|
|
3rd Quarter |
|
|
4th Quarter |
|
|
Year |
|
|
|
|
|
2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
100,014 |
|
|
$ |
100,985 |
|
|
$ |
100,994 |
|
|
$ |
100,284 |
|
|
$ |
402,277 |
|
Cost of sales |
|
|
26,773 |
|
|
|
25,414 |
|
|
|
25,268 |
|
|
|
21,457 |
|
|
|
98,912 |
|
Gross profit |
|
|
73,241 |
|
|
|
75,571 |
|
|
|
75,726 |
|
|
|
78,827 |
|
|
|
303,365 |
|
Operating expense |
|
|
73,270 |
|
|
|
68,867 |
|
|
|
69,218 |
|
|
|
74,874 |
|
|
|
286,229 |
|
Operating (loss) income |
|
|
(29 |
) |
|
|
6,704 |
|
|
|
6,508 |
|
|
|
3,953 |
|
|
|
17,136 |
|
Net (loss) income from continuing operations |
|
|
(1,948 |
) |
|
|
3,266 |
|
|
|
28 |
|
|
|
(5,090 |
) |
|
|
(3,744 |
) |
Net (loss) income |
|
$ |
(2,508 |
) |
|
$ |
(683 |
) |
|
$ |
452 |
|
|
$ |
(5,798 |
) |
|
$ |
(8,537 |
) |
Net income (loss) per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income from continuing operations |
|
$ |
(0.11 |
) |
|
$ |
0.18 |
|
|
$ |
0.00 |
|
|
$ |
(0.27 |
) |
|
$ |
(0.20 |
) |
Net (loss) income |
|
$ |
(0.14 |
) |
|
$ |
(0.04 |
) |
|
$ |
0.02 |
|
|
$ |
(0.31 |
) |
|
$ |
(0.46 |
) |
Diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) income from continuing operations |
|
$ |
(0.11 |
) |
|
$ |
0.18 |
|
|
$ |
0.00 |
|
|
$ |
(0.27 |
) |
|
$ |
(0.20 |
) |
Net (loss) income |
|
$ |
(0.14 |
) |
|
$ |
(0.04 |
) |
|
$ |
0.02 |
|
|
$ |
(0.31 |
) |
|
$ |
(0.46 |
) |
|
|
1st Quarter |
|
|
2nd Quarter |
|
|
3rd Quarter |
|
|
4th Quarter |
|
|
Year |
|
|
|
|
|
2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
102,279 |
|
|
$ |
97,640 |
|
|
$ |
91,806 |
|
|
$ |
105,886 |
|
|
$ |
397,611 |
|
Cost of sales |
|
|
25,841 |
|
|
|
21,884 |
|
|
|
25,064 |
|
|
|
34,123 |
|
|
|
106,912 |
|
Gross profit |
|
|
76,438 |
|
|
|
75,756 |
|
|
|
66,742 |
|
|
|
71,763 |
|
|
|
290,699 |
|
Operating expense |
|
|
70,370 |
|
|
|
68,836 |
|
|
|
80,843 |
|
|
|
81,842 |
|
|
|
301,891 |
|
Operating income |
|
|
6,068 |
|
|
|
6,920 |
|
|
|
(14,101 |
) |
|
|
(10,079 |
) |
|
|
(11,192 |
) |
Net income from continuing operations |
|
|
5,926 |
|
|
|
2,012 |
|
|
|
(16,504 |
) |
|
|
(9,639 |
) |
|
|
(18,205 |
) |
Net income |
|
$ |
3,447 |
|
|
$ |
(3,011 |
) |
|
$ |
(18,836 |
) |
|
$ |
(10,412 |
) |
|
$ |
(28,812 |
) |
Net income (loss) per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income from continuing operations |
|
$ |
0.31 |
|
|
$ |
0.11 |
|
|
$ |
(0.91 |
) |
|
$ |
(0.53 |
) |
|
$ |
(0.97 |
) |
Net income |
|
$ |
0.18 |
|
|
$ |
(0.16 |
) |
|
$ |
(1.04 |
) |
|
$ |
(0.58 |
) |
|
$ |
(1.54 |
) |
Diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income from continuing operations |
|
$ |
0.30 |
|
|
$ |
0.10 |
|
|
$ |
(0.91 |
) |
|
$ |
(0.53 |
) |
|
$ |
(0.97 |
) |
Net income |
|
$ |
0.18 |
|
|
$ |
(0.16 |
) |
|
$ |
(1.04 |
) |
|
$ |
(0.58 |
) |
|
$ |
(1.54 |
) |
Condensed Consolidated Balance Sheets
(U.S. Dollars, in thousands, except share and per share data) |
|
1st Quarter |
|
|
2nd Quarter |
|
|
3rd Quarter |
|
|
4th Quarter |
|
|
|
|
|
2014 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
403,973 |
|
|
$ |
433,997 |
|
|
$ |
411,045 |
|
|
$ |
393,185 |
|
Total liabilities |
|
|
103,410 |
|
|
|
128,786 |
|
|
|
106,029 |
|
|
|
93,558 |
|
Total shareholders’ equity |
|
|
300,563 |
|
|
|
305,211 |
|
|
|
305,016 |
|
|
|
299,627 |
|
Total liabilities and shareholders’ equity |
|
$ |
403,973 |
|
|
$ |
433,997 |
|
|
$ |
411,045 |
|
|
$ |
393,185 |
|
|
|
1st Quarter |
|
|
2nd Quarter |
|
|
3rd Quarter |
|
|
4th Quarter |
|
|
|
|
|
2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
464,153 |
|
|
$ |
446,321 |
|
|
$ |
415,524 |
|
|
$ |
411,975 |
|
Total liabilities |
|
|
103,178 |
|
|
|
114,175 |
|
|
|
108,531 |
|
|
|
116,112 |
|
Total shareholders’ equity |
|
|
360,975 |
|
|
|
332,146 |
|
|
|
306,993 |
|
|
|
295,863 |
|
Total liabilities and shareholders’ equity |
|
$ |
464,153 |
|
|
$ |
446,321 |
|
|
$ |
415,524 |
|
|
$ |
411,975 |
|
|