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UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:
12 Months Ended
Mar. 31, 2012
UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:  
UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:

 

 

18.          UNAUDITED SELECTED QUARTERLY FINANCIAL DATA:

 

(dollars in thousands except per-share amounts)

 

Quarter ended
June 30,
2011

 

Quarter ended
September 30,
2011

 

Quarter ended
December 31,
2011

 

Quarter ended
March 31,
2012

 

Revenue

 

$

276,044

 

$

286,432

 

$

280,893

 

$

287,255

 

Gross profit

 

56,240

 

67,320

 

65,425

 

71,845

 

Income from operations

 

20,704

 

27,051

 

15,518

 

22,290

 

Earnings from discontinued operations, net of tax

 

916

 

1,138

 

814

 

31,031

 

Net earnings

 

10,015

 

12,977

 

2,651

 

45,873

 

Net earnings attributable to Acxiom

 

10,975

 

12,292

 

7,930

 

46,066

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

0.11

 

0.15

 

0.02

 

0.19

 

From discontinued operations

 

0.01

 

0.01

 

0.01

 

0.40

 

Attributable to Acxiom stockholders

 

0.14

 

0.15

 

0.10

 

0.59

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

0.11

 

0.15

 

0.02

 

0.19

 

From discontinued operations

 

0.01

 

0.01

 

0.01

 

0.39

 

Attributable to Acxiom stockholders

 

0.13

 

0.15

 

0.10

 

0.58

 

 

(dollars in thousands except per-share amounts)

 

Quarter ended
June 30,
2010

 

Quarter ended
September 30,
2010

 

Quarter ended
December 31,
2010

 

Quarter ended
March 31,
2011

 

Revenue

 

$

259,179

 

$

279,445

 

$

287,905

 

$

287,226

 

Gross profit

 

56,379

 

63,174

 

69,431

 

71,608

 

Income (loss) from operations

 

20,638

 

24,998

 

33,842

 

(54,301

)

Earnings from discontinued operations, net of tax

 

863

 

1,387

 

441

 

705

 

Net earnings (loss)

 

9,436

 

12,697

 

20,414

 

(70,989

)

Net earnings (loss) attributable to Acxiom

 

9,805

 

13,281

 

20,823

 

(67,056

)

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

0.11

 

0.14

 

0.25

 

(0.89

)

From discontinued operations

 

0.01

 

0.02

 

0.01

 

0.01

 

Attributable to Acxiom stockholders

 

0.12

 

0.17

 

0.26

 

(0.83

)

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share:

 

 

 

 

 

 

 

 

 

From continuing operations

 

0.11

 

0.14

 

0.24

 

(0.89

)

From discontinued operations

 

0.01

 

0.02

 

0.01

 

0.01

 

Attributable to Acxiom stockholders

 

0.12

 

0.16

 

0.25

 

(0.83

)

 

 

 

 

 

 

 

 

 

 

 

Some earnings per share amounts may not add due to rounding.

 

In the fourth quarter of fiscal 2012, the Company recorded $12.6 million in restructuring charges included in gains, losses and other items, net in the consolidated statement of operations.  In addition, the Company recorded $31.0 million, net of tax, as earnings from discontinued operations, including a gain on disposal of the discontinued operation.

 

In the third quarter of fiscal 2012, the Company recorded $17.8 million in impairment charges related to goodwill and other intangibles related to the Brazil operations.  The related earn-out liability of $2.6 million was reduced to zero to reflect the expected outcome of the earn-out calculation.

 

In the second quarter of fiscal 2012, the Company recorded a net loss on disposal of $2.5 million in gains, losses, and other items, net and $0.9 million in net loss attributable to noncontrolling interest as a result of the disposal of its interest in Acxiom MENA — its operation in the Middle East.

 

In the fourth quarter of fiscal 2011 the Company recorded impairment of goodwill and other intangible assets of $79.7 million.  Also in the fourth quarter of fiscal 2011 the Company recorded a total of $8.2 million in gains, losses and other items, net in the consolidated statements of operations.  The total included $3.3 million related to the disposal of the Netherlands and Portugal operations and $5.5 million of restructuring charges, offset by a credit of $0.6 million related to the reduction of an earnout liability.  In the fourth quarter of fiscal 2011 the Company also recorded $1.6 million in other, net related to the impairment of an investment.

 

In the third quarter of fiscal 2011, the Company recorded adjustments primarily to restructuring and legal accruals totaling $3.6 million recorded in gains, losses and other items, net. In addition, the Company reduced a reserve for unrecognized tax benefits by approximately $3.5 million due to the expiration of the related statute of limitations.