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Quarterly Financial Information (Unaudited)
12 Months Ended
Sep. 30, 2013
Quarterly Financial Information (Unaudited)

19.              QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Quarterly financial results for the years ended September 30, 2013 and 2012 were as follows (in thousands, except per share amounts):

 

 

Quarter Ended

 

Fiscal 2013

9/30/13

 

  

6/30/13

 

  

3/31/13

 

  

12/31/12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales             

$

  128,250

  

  

$

  141,886

  

  

$

  134,859

  

  

$

  135,264

  

Gross profit             

 

  69,525

  

  

 

  77,288

  

  

 

  72,980

  

  

 

  71,168

  

Net income             

 

  5,633

  

  

 

  8,591

  

  

 

  5,877

  

  

 

  3,842

  

Net income per share—Basic             

 

  0.42

  

  

 

  0.65

  

  

 

  0.44

  

  

 

  0.29

  

Net income per share—Diluted             

 

  0.42

  

  

 

  0.64

  

  

 

  0.44

  

  

 

  0.29

  

19.              QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Continued)

 

 

Quarter Ended

 

Fiscal 2012

9/30/12

 

  

6/30/12

 

  

3/31/12

 

  

12/31/11

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales             

$

  128,487

  

  

$

  138,847

  

  

$

  137,792

  

  

$

  136,350

  

Gross profit             

 

  71,588

  

  

 

  75,756

  

  

 

  73,761

  

  

 

  69,606

  

Net income             

 

  5,189

  

  

 

  6,941

  

  

 

  4,979

  

  

 

  2,263

  

Net income per share—Basic             

 

  0.39

  

  

 

  0.53

  

  

 

  0.38

  

  

 

  0.17

  

Net income per share—Diluted             

 

  0.39

  

  

 

  0.52

  

  

 

  0.38

  

  

 

  0.17

  

The Company’s business, like that of other retailers, is seasonal. The Company’s quarterly net sales have historically been highest in its third fiscal quarter, corresponding to the peak Spring selling season. Given the historically higher sales level in its third fiscal quarter and the relatively fixed nature of most of the Company’s operating expenses, the Company has typically generated a very significant percentage of its full year operating income and net income during its third fiscal quarter.