| 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, 2011 and 2010. The operating results are not indicative of results for any future period.
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Year Ended December 31, 2011 |
|
|
|
|
| |
|
First |
|
|
Second |
|
|
Third |
|
|
Fourth |
|
| |
|
Quarter |
|
|
Quarter |
|
|
Q uarter |
|
|
Q uarter |
|
| |
|
(in thousands, except per share amounts) |
|
| |
| Net sales |
$ |
39,058 |
|
$ |
28,338 |
|
$ |
42,040 |
|
$ |
36,339 |
|
| Gross profit |
|
15,071 |
|
|
11,035 |
|
|
15,997 |
|
|
14,249 |
|
| Operating (loss) income |
|
1,968 |
|
|
(896 |
) |
|
2,954 |
|
|
840 |
|
| Net income (loss) (a) |
|
1,168 |
|
|
(811 |
) |
|
1,007 |
|
|
3,528 |
|
| |
| Earnings (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings (loss) per share |
$ |
0.05 |
|
$ |
(0.04 |
) |
$ |
0.05 |
|
$ |
0.16 |
|
| Diluted earnings (loss) per share |
|
0.05 |
|
|
(0.04 |
) |
|
0.05 |
|
|
0.16 |
|
| |
| |
| |
|
|
|
Year Ended December 31, 2010 |
|
|
|
|
| |
|
First |
|
|
Second |
|
|
Third |
|
|
Fourth |
|
| |
|
Quarter |
|
|
Quarter |
|
|
Q uarter |
|
|
Q uarter |
|
| |
|
(in thousands, except per share amounts) |
|
| |
| Net sales |
$ |
- |
|
$ |
7,744 |
|
$ |
33,946 |
|
$ |
34,222 |
|
| Gross profit |
|
- |
|
|
1,808 |
|
|
9,535 |
|
|
12,389 |
|
| Operating (loss) income |
|
(2,377 |
) |
|
(10,933 |
) |
|
(2,402 |
) |
|
(655 |
) |
| Net (loss) income (a) |
|
(2,355 |
) |
|
57,293 |
|
|
(3,294 |
) |
|
(454 |
) |
| |
| (Loss) earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings (loss) per share |
$ |
(0.14 |
) |
$ |
3.08 |
|
$ |
(0.15 |
) |
$ |
(0.02 |
) |
| Diluted earnings (loss) per share |
|
(0.14 |
) |
|
3.03 |
|
|
(0.15 |
) |
|
(0.02 |
) |
|
(a) |
During the fourth quarter of the year ended December 31, 2011 and the second quarter of the year ended December 31, 2010, net income (loss) included a change of $3,000 and $65,000, respectively, in the valuation allowance for deferred income tax assets that was benefited through the Company's income tax expense. |
The following table sets forth selected quarterly data for the period from July 1, 2009 to May 28, 2010 of the Predecessor. The operating results are not indicative of results for any future period.
Period from July 1, 2009 to May 28, 2010 - Predecessor
Company (Note 1)
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Two Months |
|
| |
|
First |
|
Second |
|
Third |
|
Ended May |
|
| |
|
Quarter |
|
Quarter |
|
Quarter |
|
28, 2010 |
|
| |
|
|
|
(in thousands) |
|
|
|
| |
| Net sales |
$ |
25,555 |
$ |
26,583 |
$ |
23,657 |
$ |
11,286 |
|
| Gross profit |
|
9,958 |
|
10,184 |
|
9,120 |
|
4,658 |
|
| Operating (loss) income |
|
3,419 |
|
2,649 |
|
1,805 |
|
(165 |
) |
| Net income |
|
2,761 |
|
1,166 |
|
1,400 |
|
915 |
|
|