FLEETWOOD ENTERPRISES, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(20) Results by Quarter (Unaudited)
The unaudited results by quarter for fiscal years 2006 and 2005 are shown below (amounts in thousands, except per share data):
| 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 | |||||||||||
|
|
|||||||||||||||
| Fiscal Year Ended April 2005: | First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
|||||||||||
| Number of weeks in the quarter | 13 | 13 | 13 | 13 | |||||||||||
| Revenues | $ | 659,429 | $ | 645,933 | $ | 509,161 | $ | 560,189 | |||||||
| Gross profit | 121,256 | 120,980 | 77,812 | 75,182 | |||||||||||
| Operating income | 22,515 | 22,124 | (39,073 | ) | (49,104 | ) | |||||||||
| Income (loss) from continuing operations | 12,452 | 15,338 | (44,534 | ) | (55,833 | ) | |||||||||
| Discontinued operations, net | (6,900 | ) | (7,203 | ) | (10,155 | ) | (64,624 | ) | |||||||
| Net income (loss) used for basic and diluted earnings (loss) per common share |
$ | 5,552 | $ | 8,135 | $ | (54,689 | ) | $ | (120,457 | ) | |||||
| Earnings (loss) per common share(1): Basic |
$ | .10 | $ | .15 | $ | (.99 | ) | $ | (2.16 | ) | |||||
| Diluted | $ | .10 | $ | .14 | $ | (.99 | ) | $ | (2.16 | ) | |||||
| Weighted average common shares: Basic |
54,670 | 55,419 | 55,492 | 55,749 | |||||||||||
| Diluted | 55,783 | 57,154 | 55,492 | 55,749 | |||||||||||
(1) Net earnings (loss) per share is computed independently for each of the quarters presented and the summation of quarterly
amounts does not equal the total net earnings (loss) per share reported for the year.
