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Quarterly financial information (Unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly financial information (Unaudited)
26. Quarterly financial information (Unaudited)

The Company’s net sales, gross profit, operating income and net income for 2012 and 2011 have been allocated to quarters using the same proportion as our previously reported data. The table below demonstrates the movement and significance of seasonality in the statements of operations. For further information, please refer to Item 6. Selected Financial Data.

 

     First Quarter     Second Quarter     Third Quarter     Fourth Quarter  
     2012     2011     2012     2011     2012      2011     2012     2011  

Net sales

    $ 145,989      $ 138,354      $ 187,201      $ 198,356      $ 191,331       $ 209,638      $ 291,152      $ 283,218   

Seasonality

      17.9%        16.7%        23.0%        23.9%        23.5%         25.3%        35.6%        34.1%   

Gross profit

      55,115        52,669        75,337        74,648        82,014         78,211        114,926        93,543   

Gross profit %

      37.8%        38.1%        40.2%        37.6%        42.9%         37.3%        39.5%        33.0%   

Operating income / (loss)

      (3,819 )      5,197        13,197        10,892        15,179         (658,014 )      (352,912 )      (371,100 ) 

Net income / (loss)

    $ 60,184      $ (2,034 )      (87,689 )      (3,333 )      35,769         (848,735 )      (371,502 )      (471,518 ) 

For the quarters where net loss was recognized, the “net income / (loss) from operations per share of common stock, diluted” was calculated without the net effect of dilutive employee stock option based on the treasury stock method, while it would have had antidilutive impact.

Seasonality is calculated as a percent of full year sales recognized in the relevant quarter.