| Movement and Significance of Seasonality in Statements of Operations |
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.
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First
Quarter |
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Second
Quarter |
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Third
Quarter |
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Fourth
Quarter |
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2012 |
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2011 |
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2012 |
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2011 |
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2012 |
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2011 |
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2012 |
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2011 |
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Net sales
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$ |
145,989 |
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$ |
138,354 |
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$ |
187,201 |
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$ |
198,356 |
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$ |
191,331 |
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$ |
209,638 |
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$ |
291,152 |
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$ |
283,218 |
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Seasonality
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17.9% |
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16.7% |
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23.0% |
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23.9% |
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23.5% |
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25.3% |
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35.6% |
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34.1% |
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Gross profit
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55,115 |
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52,669 |
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75,337 |
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74,648 |
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82,014 |
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78,211 |
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114,926 |
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93,543 |
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Gross profit %
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37.8% |
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38.1% |
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40.2% |
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37.6% |
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42.9% |
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37.3% |
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39.5% |
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33.0% |
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Operating income /
(loss)
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(3,819 |
) |
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5,197 |
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13,197 |
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10,892 |
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15,179 |
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(658,014 |
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(352,912 |
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(371,100 |
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Net income /
(loss)
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$ |
60,184 |
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$ |
(2,034 |
) |
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(87,689 |
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(3,333 |
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35,769 |
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(848,735 |
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(371,502 |
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(471,518 |
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