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IBI » Topics » 19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

These excerpts taken from the IBI 10-K filed Feb 25, 2009.

19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

        The following is a summary of our quarterly results of operations for 2008 and 2007 (in thousands, except per share amounts):

 
   Quarter  
 
   First   Second   Third   Fourth  

2008

                          

Net sales

   $ 289,146   $ 311,429   $ 317,504   $ 277,584  

Gross profit

     110,050     115,800     120,936     102,840  

Net income

     8,674     11,175     13,736     7,248  

Earnings Per Share:

                          
 

Basic

   $ 0.27   $ 0.35   $ 0.42   $ 0.22  
 

Diluted

   $ 0.27   $ 0.34   $ 0.42   $ 0.22  

2007

                          

Net sales

   $ 295,403   $ 313,247   $ 330,193   $ 300,184  

Gross profit

     112,294     117,967     125,428     118,201  

Net income

     9,440     11,975     15,988     13,559  

Earnings Per Share:

                          
 

Basic

   $ 0.29   $ 0.37   $ 0.50   $ 0.42  
 

Diluted

   $ 0.29   $ 0.37   $ 0.49   $ 0.41  

19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

        The following is a summary of our quarterly results of operations for 2008 and 2007 (in thousands, except per share amounts):

 
   Quarter  
 
   First   Second   Third   Fourth  

2008

                          

Net sales

   $ 289,146   $ 311,429   $ 317,504   $ 277,584  

Gross profit

     110,050     115,800     120,936     102,840  

Net income

     8,674     11,175     13,736     7,248  

Earnings Per Share:

                          
 

Basic

   $ 0.27   $ 0.35   $ 0.42   $ 0.22  
 

Diluted

   $ 0.27   $ 0.34   $ 0.42   $ 0.22  

2007

                          

Net sales

   $ 295,403   $ 313,247   $ 330,193   $ 300,184  

Gross profit

     112,294     117,967     125,428     118,201  

Net income

     9,440     11,975     15,988     13,559  

Earnings Per Share:

                          
 

Basic

   $ 0.29   $ 0.37   $ 0.50   $ 0.42  
 

Diluted

   $ 0.29   $ 0.37   $ 0.49   $ 0.41  

19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

        The following is a summary of our quarterly results of operations for 2008 and 2007 (in thousands, except per share amounts):

 
   Quarter  
 
   First   Second   Third   Fourth  

2008

                          

Net sales

   $ 289,146   $ 311,429   $ 317,504   $ 277,584  

Gross profit

     110,050     115,800     120,936     102,840  

Net income

     8,674     11,175     13,736     7,248  

Earnings Per Share:

                          
 

Basic

   $ 0.27   $ 0.35   $ 0.42   $ 0.22  
 

Diluted

   $ 0.27   $ 0.34   $ 0.42   $ 0.22  

2007

                          

Net sales

   $ 295,403   $ 313,247   $ 330,193   $ 300,184  

Gross profit

     112,294     117,967     125,428     118,201  

Net income

     9,440     11,975     15,988     13,559  

Earnings Per Share:

                          
 

Basic

   $ 0.29   $ 0.37   $ 0.50   $ 0.42  
 

Diluted

   $ 0.29   $ 0.37   $ 0.49   $ 0.41  

19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)




        The following is a summary of our quarterly results of operations for 2008 and 2007 (in thousands, except per share amounts):













































































































































































































































































 
 Quarter  
 
 First  Second  Third  Fourth  

2008

             

Net sales

 $289,146 $311,429 $317,504 $277,584 

Gross profit

  110,050  115,800  120,936  102,840 

Net income

  8,674  11,175  13,736  7,248 

Earnings Per Share:

             
 

Basic

 $0.27 $0.35 $0.42 $0.22 
 

Diluted

 $0.27 $0.34 $0.42 $0.22 

2007

             

Net sales

 $295,403 $313,247 $330,193 $300,184 

Gross profit

  112,294  117,967  125,428  118,201 

Net income

  9,440  11,975  15,988  13,559 

Earnings Per Share:

             
 

Basic

 $0.29 $0.37 $0.50 $0.42 
 

Diluted

 $0.29 $0.37 $0.49 $0.41 




19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)




        The following is a summary of our quarterly results of operations for 2008 and 2007 (in thousands, except per share amounts):













































































































































































































































































 
 Quarter  
 
 First  Second  Third  Fourth  

2008

             

Net sales

 $289,146 $311,429 $317,504 $277,584 

Gross profit

  110,050  115,800  120,936  102,840 

Net income

  8,674  11,175  13,736  7,248 

Earnings Per Share:

             
 

Basic

 $0.27 $0.35 $0.42 $0.22 
 

Diluted

 $0.27 $0.34 $0.42 $0.22 

2007

             

Net sales

 $295,403 $313,247 $330,193 $300,184 

Gross profit

  112,294  117,967  125,428  118,201 

Net income

  9,440  11,975  15,988  13,559 

Earnings Per Share:

             
 

Basic

 $0.29 $0.37 $0.50 $0.42 
 

Diluted

 $0.29 $0.37 $0.49 $0.41 




These excerpts taken from the IBI 10-K filed Feb 26, 2008.

19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

        The following is a summary of our quarterly results of operations for 2007 and 2006 (in thousands, except per share amounts):

 
   Quarter
 
   First
   Second
   Third
   Fourth
2007                        
Net sales   $ 295,403   $ 313,247   $ 330,193   $ 300,184
Gross profit     112,294     117,967     125,428     118,201
Net income     9,440     11,975     15,988     13,559
Earnings Per Share:                        
  Basic   $ 0.29   $ 0.37   $ 0.50   $ 0.42
  Diluted   $ 0.29   $ 0.37   $ 0.49   $ 0.41
2006                        
Net sales   $ 224,674   $ 235,409   $ 314,182   $ 293,305
Gross profit     85,708     89,496     120,083     113,585
Net income (loss)(2)     8,441     (2,865 )   14,219     11,390
Earnings (Loss) Per Share:                        
  Basic(1)   $ 0.26   $ (0.09 ) $ 0.44   $ 0.35
  Diluted   $ 0.26   $ (0.09 ) $ 0.43   $ 0.35
(1)
Earnings per common share for each quarter is computed using the weighted-average number of shares outstanding during that quarter while earnings per common share for the full year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the four quarters' earnings per common share may not equal the full-year earnings per common share.

(2)
During the second quarter of 2006, the Company recorded a $20.7 million loss on extinguishment of debt, consisting of the write-off of deferred financing costs of $7.0 million and the premium of $13.7 million on the $130.0 million redemption of the 111/2% senior subordinated notes, using proceeds from the issuance of $198.6 million of 81/8% senior subordinated notes, net of discount.

19. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)



        The following is a summary of our quarterly results of operations for 2007 and 2006 (in thousands, except per share amounts):











































































































































































































































 
 Quarter
 
 First
 Second
 Third
 Fourth
2007            
Net sales $295,403 $313,247 $330,193 $300,184
Gross profit  112,294  117,967  125,428  118,201
Net income  9,440  11,975  15,988  13,559
Earnings Per Share:            
 Basic $0.29 $0.37 $0.50 $0.42
 Diluted $0.29 $0.37 $0.49 $0.41
2006            
Net sales $224,674 $235,409 $314,182 $293,305
Gross profit  85,708  89,496  120,083  113,585
Net income (loss)(2)  8,441  (2,865) 14,219  11,390
Earnings (Loss) Per Share:            
 Basic(1) $0.26 $(0.09)$0.44 $0.35
 Diluted $0.26 $(0.09)$0.43 $0.35





(1)
Earnings
per common share for each quarter is computed using the weighted-average number of shares outstanding during that quarter while earnings per common share for the full year is
computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the four quarters' earnings per common share may not equal the full-year earnings per
common share.


(2)
During
the second quarter of 2006, the Company recorded a $20.7 million loss on extinguishment of debt, consisting of the write-off of deferred financing costs of
$7.0 million and the premium of $13.7 million on the $130.0 million redemption of the 111/2% senior subordinated notes, using proceeds from the issuance of
$198.6 million of 81/8% senior subordinated notes, net of discount.


EXCERPTS ON THIS PAGE:

10-K (5 sections)
Feb 25, 2009
10-K (2 sections)
Feb 26, 2008

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