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Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Unaudited quarterly financial information for 2017 and 2016 is as follows:

Year Ended March 31, 2017
 
 
Quarterly Period Ended
(In thousands, except for per share data)
 
June 30,
2016
 
September 30,
2016
 
December 31,
2016
 
March 31,
2017
Total revenues
 
$
209,575

 
$
215,052

 
$
216,763

 
$
240,670

Cost of sales
 
87,984

 
91,087

 
92,216

 
110,487

Gross profit
 
121,591

 
123,965

 
124,547

 
130,183

 
 
 
 
 
 
 
 
 
Operating expenses
 
 

 
 

 
 

 
 

Advertising and promotion
 
27,635

 
28,592

 
30,682

 
41,450

General and administrative
 
19,457

 
18,795

 
22,131

 
28,760

Depreciation and amortization
 
6,832

 
6,016

 
5,852

 
6,651

Loss (gain) on divestitures
 
55,453

 
(496
)
 
(3,405
)
 
268

Total operating expenses
 
109,377

 
52,907

 
55,260

 
77,129

Operating income
 
12,214

 
71,058

 
69,287

 
53,054

Net interest expense
 
21,127

 
20,830

 
18,554

 
32,832

Loss on extinguishment of debt
 

 

 

 
1,420

(Loss) income before income taxes
 
(8,913
)
 
50,228

 
50,733

 
18,802

(Benefit) provision for income taxes
 
(3,382
)
 
18,033

 
19,092

 
7,712

Net (loss) income
 
$
(5,531
)
 
$
32,195

 
$
31,641

 
$
11,090

 
 
 
 
 
 
 
 
 
(Loss) earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
(0.10
)
 
$
0.61

 
$
0.60

 
$
0.21

Diluted
 
$
(0.10
)
 
$
0.60

 
$
0.59

 
$
0.21

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
52,881

 
52,993

 
52,999

 
53,009

Diluted
 
52,881

 
53,345

 
53,359

 
53,419

 
 
 
 
 
 
 
 
 
Comprehensive (loss) income, net of tax:
 
 
 
 
 
 
 
 
Currency translation adjustments
 
(5,824
)
 
2,703

 
(8,736
)
 
9,282

Unrecognized net loss on pension plans

 
 
 
 
 
 
 
(252
)
Total other comprehensive (loss) income
 
(5,824
)
 
2,703

 
(8,736
)
 
9,030

Comprehensive (loss) income
 
$
(11,355
)
 
$
34,898

 
$
22,905

 
$
20,120



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