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Quarterly financial data (unaudited)
12 Months Ended
Dec. 31, 2011
Quarterly financial data (unaudited)  
Quarterly financial data (unaudited)

21.    Quarterly financial data (unaudited)

 

(U.S. Dollars, in thousands, except per share data)

 

 

 

1 st
Quarter

 

2 nd
Quarter

 

3 rd
Quarter

 

4 th
Quarter

 

Year

 

2011

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

139,165

 

$

143,551

 

$

144,747

 

$

151,525

 

$

578,988

 

Gross profit

 

$

105,804

 

$

108,858

 

$

108,718

 

$

116,422

 

$

439,802

 

Net income (loss)

 

$

(35,801

)(2)

$

9,958

 

$

12,378

 

$

12,392

 

$

(1,073

)

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.00

)

$

0.55

 

$

0.67

 

$

0.67

 

$

(0.06

)

Diluted

 

$

(2.00

)

$

0.54

 

$

0.66

 

$

0.65

 

$

(0.06

)

 

 

 

 

 

 

 

 

 

 

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

138,823

 

$

142,845

 

$

138,906

 

$

143,796

 

$

564,370

 

Gross profit

 

$

106,129

 

$

108,758

 

$

106,640

 

$

111,127

 

$

432,654

 

Net income

 

$

17,492

(1)

$

10,232

 

$

8,520

 

$

7,964

 

$

44,208

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.00

(3)

$

0.58

 

$

0.48

 

$

0.45

 

$

2.51

 

Diluted

 

$

0.99

(3)

$

0.57

 

$

0.48

 

$

0.44

 

$

2.47

 

 

(1)      Includes the $12.0 million gain on sale of the divested vascular business (see Note 20).

(2)      Includes $46 million of charges related to U.S. Government resolutions

(3)                  The sum of per share earnings by quarter may not equal earnings per share for the year due to the change in average share calculations. This is in accordance with prescribed reporting requirements.