Nautilus 2015 Annual Report Download - page 19
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Please find page 19 of the 2015 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Item 6. Selected Financial Data
The following selected consolidated financial data should be read in connection with our audited consolidated financial statements and related notes thereto and
with Management's Discussion and Analysis of Financial Condition and Results of Operations, which are included elsewhere in this Form 10-K. The consolidated
statements of operations data for fiscal years 2015 , 2014 and 2013 , and the selected consolidated balance sheets data as of December 31, 2015 and 2014 are
derived from, and are qualified by reference to, the audited consolidated financial statements which are included in this Form 10-K. The consolidated statements of
operations data for fiscal 2012 and 2011 and the consolidated balance sheets data as of December 31, 2013 , 2012 and 2011 are derived from audited consolidated
financial statements which are not included in this Form 10-K.
For the Year Ended December 31,
(In thousands, except per share amounts)
2015
2014
2013
2012
2011
Consolidated Statements of Operations Data
Net sales
$ 335,764
$ 274,447
$ 218,803
$ 193,926
$ 180,412
Cost of sales
162,530
133,872
112,326
102,889
101,953
Gross profit
173,234
140,575
106,477
91,037
78,459
Operating expenses:
Selling and marketing
101,618
81,059
66,486
58,617
54,494
General and administrative
21,441
22,131
18,705
17,669
17,143
Research and development
9,904
7,231
5,562
4,163
3,223
Total operating expenses
132,963
110,421
90,753
80,449
74,860
Operating income
40,271
30,154
15,724
10,588
3,599
Other income (expense):
Interest income
218
63
14
18
65
Interest expense
(22)
(25)
(36)
56
(466)
Other, net
(445)
32
337
(246)
(11)
Total other income (expense)
(249)
70
315
(172)
(412)
Income from continuing operations before income taxes
40,022
30,224
16,039
10,416 3,187
Income tax expense (benefit) (1)
13,219
9,841
(32,085)
(226)
686
Income from continuing operations
26,803
20,383
48,124
10,642
2,501
Income (loss) from discontinued operations
(201)
(1,588)
(170)
6,241
(1,081)
Net income
$ 26,602
$ 18,795
$ 47,954
$ 16,883
$ 1,420
Basic income per share from continuing operations
$ 0.86
$ 0.65
$ 1.55
$ 0.34
$ 0.08
Basic income (loss) per share from discontinued operations
(0.01)
(0.05)
(0.01)
0.21
(0.03)
Basic net income per share
$ 0.85
$ 0.60
$ 1.54
$ 0.55
$ 0.05
Diluted income per share from continuing operations
$ 0.85
$ 0.64
$ 1.53
$ 0.34
$ 0.08
Diluted income (loss) per share from discontinued operations
(0.01)
(0.05)
(0.01)
0.21
(0.03)
Diluted net income per share
$ 0.84
$ 0.59
$ 1.52
$ 0.55
$ 0.05
Shares used in per share calculations:
Basic
31,288
31,253
31,072
30,851
30,746
Diluted
31,589
31,688
31,457
30,974
30,776
As of December 31,
Consolidated Balance Sheets Data
2015
2014
2013
2012
2011
Cash and investments (2)
$ 60,776
$ 72,190
$ 40,979
$ 23,207
$ 17,427
Working capital (2)
69,373
83,080
45,662
25,410
19,439
Total assets
315,912
175,654
143,567
94,311
82,813
Long-term note payable, net of current portion (3)
63,971
—
—
—
5,598
Other long-term liabilities
29,432
4,911
4,077
6,508
6,614
Total shareholders' equity
126,991
111,072
91,565
43,326
31,953
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