Cabela's 2014 Annual Report Download - page 121

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111
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
25. QUARTERLY FINANCIAL INFORMATION (Unaudited)
The following table sets forth unaudited financial and operating data in each quarter for years 2014 and 2013:
2014 by Quarter 2013 by Quarter
First Second Third Fourth First Second Third Fourth
Total revenue $ 725,823 $ 761,201 $ 886,002 $ 1,274,624 $ 802,497 $ 756,805 $ 850,828 $ 1,189,447
Operating income (1) 40,853 71,991 93,915 128,636 79,115 66,935 76,603 138,708
Net income 25,749 43,517 53,839 78,610 49,847 44,545 49,886 80,112
Earnings per share:
Basic (2) 0.36 0.61 0.76 1.11 0.71 0.63 0.71 1.13
Diluted (2) 0.36 0.61 0.75 1.10 0.70 0.62 0.70 1.12
(1) Includes
impairment and
restructuring
charges
recognized
by quarter as
follows: $ - $ 641 $ - $ - $ - $ 937 $ - $ 4,931
(2) Basic and diluted earnings per share are computed independently for each of the quarters presented and,
therefore, may not sum to the totals for the year.
Revenue is typically higher in the Company’s third and fourth quarters than in the first and second quarters
due to holiday buying patterns and the opening of hunting seasons across the United States. The Company’s
quarterly operating results may fluctuate significantly as a result of these events and a variety of other factors, and
operating results for any quarter are not necessarily indicative of results for a full year.
26. SUBSEQUENT EVENT
The Series 2010-I notes of the Trust totaling $255,000 were repaid in full on January 15, 2015. These notes
were repaid primarily from restricted cash of the Trust.