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Notes to Consolidated Financial Statements
Note 21 QUARTERLY RESULTS (UNAUDITED) The following shown below sets forth summary unaudited information on a quarterly basis for the Company:
During the third quarter of 1999, the Company benefited from the successful resolution of income tax litigation, which contributed to a reduction in the overall effective income tax rate expected for 1999 and resulted in interest income, resulting in an increase in net income of $6.2 million. During the second quarter of 1998, the Company received a net litigation settlement in the amount of $9.8 million. In addition, during the third quarter of 1998, the Company incurred incremental costs in the aggregate amount of $15.8 million related to furniture distribution process changes, the restructuring and disposition of a non-furniture related manufacturing facility, the relocation of a showroom facility and certain manufacturing equipment write-offs. Finally, during the fourth quarter of 1998, the Company incurred incremental costs of $7.6 million related to the Employee Stock Grant and the initial public offering
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