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Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Mar. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Unaudited quarterly financial information for 2016 and 2015 is as follows:

Year Ended March 31, 2016
 
 
Quarterly Period Ended
(In thousands, except for per share data)
 
June 30,
2015
 
September 30,
2015
 
December 31,
2015
 
March 31,
2016
Total revenues
 
$
192,132

 
$
206,065

 
$
200,195

 
$
207,855

Cost of sales (exclusive of depreciation shown below)
 
79,896

 
86,125

 
83,411

 
89,604

Gross profit
 
112,236

 
119,940

 
116,784

 
118,251

 
 
 
 
 
 
 
 
 
Operating expenses
 
 

 
 

 
 

 
 

Advertising and promotion
 
26,422

 
27,893

 
29,935

 
26,552

General and administrative
 
17,589

 
16,462

 
18,135

 
20,232

Depreciation and amortization
 
5,720

 
5,687

 
6,071

 
6,198

 
 
49,731

 
50,042

 
54,141

 
52,982

Operating income
 
62,505

 
69,898

 
62,643

 
65,269

Net interest expense
 
21,884

 
20,667

 
19,462

 
23,147

Loss on extinguishment of debt
 
451

 

 

 
17,519

Income before income taxes
 
40,170

 
49,231

 
43,181

 
24,603

Provision for income taxes
 
13,997

 
17,428

 
15,186

 
10,667

Net income
 
$
26,173

 
$
31,803

 
$
27,995

 
$
13,936

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.50

 
$
0.60

 
$
0.53

 
$
0.26

Diluted
 
$
0.49

 
$
0.60

 
$
0.53

 
$
0.26

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
52,548

 
52,803

 
52,824

 
52,833

Diluted
 
52,958

 
53,151

 
53,203

 
53,252

 
 
 
 
 
 
 
 
 
Comprehensive income, net of tax:
 
 
 
 
 
 
 
 
Currency translation adjustments
 
(405
)
 
(11,079
)
 
4,922

 
6,449

Total other comprehensive income (loss)
 
(405
)
 
(11,079
)
 
4,922

 
6,449

Comprehensive income
 
$
25,768

 
$
20,724

 
$
32,917

 
$
20,385



Year Ended March 31, 2015


 
 
Quarterly Period Ended
(In thousands, except for per share data)
 
June 30,
2014
 
September 30,
2014
 
December 31,
2014
 
March 31,
2015
Total revenues
 
$
145,702

 
$
181,269

 
$
197,606

 
$
190,046

Cost of sales (exclusive of depreciation shown below)
 
63,836

 
78,727

 
85,861

 
79,976

Gross profit
 
81,866

 
102,542

 
111,745

 
110,070

 
 
 
 
 
 
 
 
 
Operating expenses
 
 

 
 

 
 

 
 

Advertising and promotion
 
19,096

 
25,044

 
30,144

 
25,367

General and administrative
 
17,006

 
27,128

 
19,454

 
17,685

Depreciation and amortization
 
2,961

 
3,852

 
5,154

 
5,773

 
 
39,063

 
56,024

 
54,752

 
48,825

Operating income
 
42,803

 
46,518

 
56,993

 
61,245

Net interest expense
 
14,653

 
18,193

 
24,592

 
23,796

Gain on settlement
 

 

 
(1,133
)
 

Income before income taxes
 
28,150

 
28,325

 
33,534

 
37,449

Provision for income taxes
 
11,418

 
11,862

 
12,241

 
13,677

Net income
 
$
16,732

 
$
16,463

 
$
21,293

 
$
23,772

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.32

 
$
0.32

 
$
0.41

 
$
0.45

Diluted
 
$
0.32

 
$
0.31

 
$
0.40

 
$
0.45

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
51,956

 
52,088

 
52,278

 
52,356

Diluted
 
52,533

 
52,594

 
52,730

 
52,821

 
 
 
 
 
 
 
 
 
Comprehensive income, net of tax:
 
 
 
 
 
 
 
 
Currency translation adjustments
 
2,726

 
(10,830
)
 
(8,779
)
 
(7,268
)
Total other comprehensive income (loss)
 
2,726

 
(10,830
)
 
(8,779
)
 
(7,268
)
Comprehensive income
 
$
19,458

 
$
5,633

 
$
12,514

 
$
16,504