QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Feb. 29, 2012

QUARTERLY FINANCIAL DATA (UNAUDITED) [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

18. QUARTERLY FINANCIAL DATA (UNAUDITED)

(in thousands, except per share data; the sum of the net income per share amounts may not total due to rounding)

Fiscal 2012

	Quarterly Ended
	May 31		Aug. 31		Nov. 30			Feb. 29
	(Unaudited)
Sales and revenues	$	103,495	$	112,581	$	106,161		$	89,867
Gross profit	$	55,785	$	60,344	$	53,163		$	46,367
Income (loss) from operations	$	7,669	$	21,520	$	1,163		$	(2,359	)
Net income (loss)	$	6,177	$	11,891	$	(3,277	)	$	(4,131	)
Net income (loss) per share:
Basic	$	0.27	$	0.52	$	(0.15	)	$	(0.19	)
Diluted	$	0.26	$	0.51	$	(0.15	)	$	(0.19	)
Weighted average shares outstanding:
Basic		23,059		23,065		22,486			22,199
Diluted		23,557		23,493		22,486			22,199

The Company's stock-based compensation charges included in income from operations and net income for fiscal year 2012, by quarter, are as follows (in thousands):

	Quarterly Ended
	May 31		Aug. 31			Nov. 30		Feb. 29
Stock-based compensation charges	$	3,416	$	(9,251	)	$	11,054	$	2,985

Fiscal 2011

	Quarterly Ended
	May 31		Aug. 31		Nov. 30			Feb. 28
	(Unaudited)
Sales and revenues	$	97,159	$	104,084	$	107,025		$	101,211
Gross profit	$	51,795	$	58,658	$	55,755		$	48,686
Income (loss) from operations	$	1,802	$	22,346	$	(8,186	)	$	2,685
Net income (loss)	$	627	$	12,902	$	(4,574	)	$	1,672
Net income (loss) per share:
Basic	$	0.03	$	0.57	$	(0.20	)	$	0.07
Diluted	$	0.03	$	0.57	$	(0.20	)	$	0.07
Weighted average shares outstanding:
Basic		22,481		22,606		22,679			22,897
Diluted		22,787		22,756		22,679			23,158

Income from operations and net income for the three months ended February 28, 2011 included acquisition termination fee gain of $7.7 million, gain on revaluation of contingent acquisition liability of $3.6 million, intangible impairment charges associated with the Company's acquisition of Symwave of $3.5 million and restructuring charges of $3.7 million.

Income from operations and net income for the three months ended November 30, 2011 included impairment charges associated with the Company's initial investment in Symwave of $3.2 million upon acquisition.