Supplementary Data - Quarterly Financial Data |
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL DATA (Unaudited)
The following table sets forth selected quarterly data for the years ended December 31, 2014 and 2013. Certain amounts have been revised from those previously reported in the Company’s quarterly reports on Form 10-Q in order to present the results of the GMP Sale as discontinued operations. The operating results are not indicative of results for any future period.
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Year Ended December 31, 2014
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First Quarter
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Second Quarter
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Third Quarter
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Fourth Quarter
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(in thousands, except per share amounts)
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Net sales
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$
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44,432
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$
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34,422
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$
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54,861
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$
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59,425
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Gross profit
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16,642
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12,344
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22,721
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23,191
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Loss from continuing operations
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(3,402)
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(4,443)
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(419)
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(927)
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Discontinued operations, net of tax
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2,075
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(540)
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20,822
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841
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Net (loss) income
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(1,327)
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(4,983)
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20,403
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(86)
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Loss from continuing operations per share:
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Basic
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$
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(0.10)
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$
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(0.14)
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$
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(0.01)
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$
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(0.03)
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Diluted
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(0.10)
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(0.14)
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(0.01)
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(0.03)
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Income (loss) from discontinued operations per share:
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Basic
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$
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0.06
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$
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(0.01)
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$
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0.64
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$
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0.03
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Diluted
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0.06
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(0.01)
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0.64
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0.03
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Net (loss) income per share:
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Basic
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$
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(0.04)
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$
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(0.15)
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$
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0.63
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$
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(0.00)
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Diluted
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(0.04)
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(0.15)
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0.63
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(0.00)
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Year Ended December 31, 2013
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First Quarter
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Second Quarter
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Third Quarter
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Fourth Quarter
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(in thousands, except per share amounts)
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Net sales
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$
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40,617
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$
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29,162
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$
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44,181
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$
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54,149
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Gross profit
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14,786
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10,549
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15,459
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20,263
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(Loss) income from continuing operations
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(3,851)
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(4,181)
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(3,646)
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546
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Discontinued operations, net of tax
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819
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1,913
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2,340
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190
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Net (loss) income
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(3,032)
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(2,268)
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(1,306)
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736
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(Loss) income from continuing operations per share:
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Basic
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$
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(0.12)
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$
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(0.13)
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$
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(0.11)
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$
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0.02
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Diluted
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(0.12)
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(0.13)
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(0.11)
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0.02
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Income from discontinued operations per share:
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Basic
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$
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0.02
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$
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0.06
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$
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0.07
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$
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-
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Diluted
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0.02
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0.06
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0.07
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-
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Net (loss) income per share:
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Basic
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$
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(0.10)
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$
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(0.07)
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$
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(0.04)
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$
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0.02
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Diluted
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(0.10)
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(0.07)
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(0.04)
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0.02
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The net loss for the three months ended September 30, 2013, included cost of sales of $1,541 related to the voluntary recall of all of the PIEPS VECTOR avalanche transceivers. Absent this recall, the Company would have reported net income of $235 for the three months ended September 30, 2013.
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