Nautilus 2015 Annual Report Download - page 35
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Please find page 35 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.NAUTILUS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
Year Ended December 31,
2015
2014
2013
Net sales $ 335,764
$ 274,447
$ 218,803
Cost of sales 162,530
133,872
112,326
Gross profit 173,234
140,575
106,477
Operating expenses:
Selling and marketing 101,618
81,059
66,486
General and administrative 21,441
22,131
18,705
Research and development 9,904
7,231
5,562
Total operating expenses 132,963
110,421
90,753
Operating income 40,271
30,154
15,724
Other income (expense):
Interest income 218
63
14
Interest expense (22)
(25)
(36)
Other, net (445)
32
337
Total other income (expense), net (249)
70
315
Income from continuing operations before income taxes 40,022
30,224
16,039
Income tax expense (benefit) 13,219
9,841
(32,085)
Income from continuing operations 26,803
20,383
48,124
Discontinued operations:
Loss from discontinued operations before income taxes (601)
(1,134)
(559)
Income tax expense (benefit) of discontinued operations (400)
454
(389)
Loss from discontinued operations (201)
(1,588)
(170)
Net income $ 26,602
$ 18,795
$ 47,954
Basic income per share from continuing operations $ 0.86
$ 0.65
$ 1.55
Basic loss per share from discontinued operations (0.01)
(0.05)
(0.01)
Basic net income per share $ 0.85
$ 0.60
$ 1.54
Diluted income per share from continuing operations $ 0.85
$ 0.64
$ 1.53
Diluted loss per share from discontinued operations (0.01)
(0.05)
(0.01)
Diluted net income per share $ 0.84
$ 0.59
$ 1.52
Shares used in per share calculations:
Basic 31,288
31,253
31,072
Diluted 31,589
31,688
31,457
See accompanying Notes to Consolidated Financial Statements.
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