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Quarterly Financial Information
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Information

Quarterly Consolidated Financial Data
(Unaudited, in thousands, except per share amounts)

The Company’s quarters end on March 31, June 30, September 30 and December 31 of each calendar year. You should read the following tables presenting our quarterly results of operations in conjunction with the consolidated financial statements and related notes included in Item 8 of this Form 10-K. We have prepared the unaudited information on the same basis as our audited consolidated financial statements.

    The Company's sales are highly seasonal, reflecting the general pattern associated with the retail industry of peak sales and earnings during the holiday shopping season. As a result, a substantial portion of the 2014 and 2013 revenue occurred in the fourth quarter, which began on October 1 and ended on December 31. As is typical in the retail industry, the Company generally experiences lower revenue during the other quarters. Therefore, the revenue in a particular quarter is not necessarily indicative of future revenue for a subsequent quarter or a full year.
 
For the Three Months Ended
 
March 31
 
June 30
 
September 30
 
December 31
Year 2014
 
 
 
 
 
 

Net revenue
$
22,691

 
$
23,395

 
$
22,240

 
$
72,379

Gross margin
3,825

 
3,460

 
4,291

 
12,692

Net (loss) income from continuing operations
(2,245
)
 
(4,149
)
 
(2,846
)
 
968

Net (loss) income
$
(2,245
)
 
$
(4,149
)
 
$
(2,846
)
 
$
968

Net (loss) income per share from continuing operations:


 


 


 


Basic
$
(0.34
)
 
$
(0.62
)
 
$
(0.42
)
 
$
0.14

Diluted
$
(0.34
)
 
$
(0.62
)
 
$
(0.42
)
 
$
0.14

Net (loss) income per share:


 


 


 


Basic
$
(0.34
)
 
$
(0.62
)
 
$
(0.42
)
 
$
0.14

Diluted
$
(0.34
)
 
$
(0.62
)
 
$
(0.42
)
 
$
0.14

Year 2013


 


 


 


Net revenue
$
19,557

 
$
22,004

 
$
22,363

 
$
74,338

Gross margin
3,620

 
4,409

 
4,250

 
14,838

Net (loss) income from continuing operations
(2,308
)
 
(1,490
)
 
(1,435
)
 
5,066

Net (loss) income 
$
(2,336
)
 
$
(1,531
)
 
$
(1,436
)
 
$
5,069

Net (loss) income per share from continuing operations:


 


 


 


Basic
$
(0.35
)
 
$
(0.22
)
 
$
(0.22
)
 
$
0.76

Diluted
$
(0.35
)
 
$
(0.22
)
 
$
(0.22
)
 
$
0.76

Net (loss) income per share:

 

 

 

Basic
$
(0.35
)
 
$
(0.23
)
 
$
(0.22
)
 
$
0.76

Diluted
$
(0.35
)
 
$
(0.23
)
 
$
(0.22
)
 
$
0.76



 


 
For the Three Months Ended
 
March 31
 
June 30
 
September 30
 
December 31
Year 2014
 
 
 
 
 
 
 
Website:
 
 
 
 
 
 
 
Net revenue
$
17,879

 
$
17,833

 
$
15,330

 
$
60,567

Cost of revenue
15,622

 
16,116

 
13,481

 
52,270

Gross margin
$
2,257

 
$
1,717

 
$
1,849

 
$
8,297

Gross margin %
12.6
%
 
9.6
%
 
12.1
%
 
13.7
%
 
 
 
 
 
 
 
 
Wholesale:
 
 
 
 
 
 
 
Net revenue
$
4,812

 
$
5,562

 
$
6,910

 
$
11,812

Cost of revenue
3,244

 
3,819

 
4,468

 
7,417

Gross margin
$
1,568

 
$
1,743

 
$
2,442

 
$
4,395

Gross margin %
32.6
%
 
31.3
%
 
35.3
%
 
37.2
%
 
 
 
 
 
 
 
 
Year 2013
 
 
 
 
 
 
 
Website:
 
 
 
 
 
 
 
Net revenue
$
17,981

 
$
18,254

 
$
16,990

 
$
62,684

Cost of revenue
14,839

 
15,155

 
14,377

 
52,087

Gross margin
$
3,142

 
$
3,099

 
$
2,613

 
$
10,597

Gross margin %
17.5
%
 
17.0
%
 
15.4
%
 
16.9
%
 
 
 
 
 
 
 
 
Wholesale:
 
 
 
 
 
 
 
Net revenue
$
1,576

 
$
3,750

 
$
5,373

 
$
11,654

Cost of revenue
1,098

 
2,440

 
3,736

 
7,413

Gross margin
$
478

 
$
1,310

 
$
1,637

 
$
4,241

Gross margin %
30.3
%
 
34.9
%
 
30.5
%
 
36.4
%