NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(21) Results by Quarter (Unaudited)
The unaudited results by quarter for fiscal years 2007 and 2006 are shown below (amounts in thousands, except per share data):
| Fiscal Year Ended April 2007: | First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of weeks in the quarter | 13 | 13 | 13 | 13 | |||||||||||
| Revenues | $ | 529,771 | $ | 526,573 | $ | 443,172 | $ | 508,406 | |||||||
| Gross profit | 73,254 | 73,515 | 58,575 | 72,042 | |||||||||||
| Operating income (loss) | (8,234 | ) | (15,226 | ) | (24,927 | ) | (18,629 | ) | |||||||
| Income (loss) from continuing operations | 669 | (19,769 | ) | (29,670 | ) | (38,880 | ) | ||||||||
| Discontinued operations, net | (1,080 | ) | (658 | ) | (235 | ) | (338 | ) | |||||||
| Net loss used for basic and diluted loss per common share | $ | (411 | ) | $ | (20,427 | ) | $ | (29,905 | ) | $ | (39,218 | ) | |||
| Loss per common share(1): Basic and diluted |
$ | (.01 | ) | $ | (0.32 | ) | $ | (0.47 | ) | $ | (0.61 | ) | |||
| Weighted average common shares: Basic and diluted |
63,892 | 63,919 | 63,937 | 64,058 | |||||||||||
| Fiscal Year Ended April 2006: | First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of weeks in the quarter | 14 | 13 | 13 | 13 | |||||||||||
| Revenues | $ | 616,475 | $ | 629,501 | $ | 583,866 | $ | 602,558 | |||||||
| Gross profit | 100,063 | 112,017 | 111,231 | 99,381 | |||||||||||
| Operating income (loss) | (893 | ) | 10,135 | 11,936 | 8,327 | ||||||||||
| Income (loss) from continuing operations | (17,413 | ) | 3,791 | 4,708 | 2,849 | ||||||||||
| Discontinued operations, net | (12,144 | ) | (5,709 | ) | (3,332 | ) | (1,187 | ) | |||||||
| Net income (loss) used for basic and diluted earnings (loss) per common share |
$ | (29,557 | ) | $ | (1,918 | ) | $ | 1,376 | $ | 1,662 | |||||
| Earnings (loss) per common share(1): Basic and diluted |
$ | (.53 | ) | $ | (.03 | ) | $ | .02 | $ | .03 | |||||
| Weighted average common shares: Basic |
56,136 | 56,481 | 61,838 | 63,820 | |||||||||||
| Diluted | 56,136 | 57,209 | 62,622 | 64,521 | |||||||||||
(1) Net earnings (loss) per share is computed independently for each of the quarters presented and the summation of quarterly amounts does not necessarily equal the total net earnings (loss) per share reported for the year.