v2.4.0.6
QUARTERLY RESULTS OF CONTINUING OPERATIONS (UNAUDITED)
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12 Months Ended |
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QUARTERLY RESULTS OF CONTINUING OPERATIONS (UNAUDITED) |
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QUARTERLY RESULTS OF CONTINUING OPERATIONS (UNAUDITED) |
21. QUARTERLY RESULTS OF CONTINUING OPERATIONS (UNAUDITED)
Unaudited quarterly results of continuing operations for the fiscal years ended July 31, 2012 and 2011 were as follows (in thousands, except per share data):
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Fiscal Year 2012
For the Three Months Ended |
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July 31, 2012 |
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April 30, 2012 |
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January 31, 2012 |
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October 31, 2011 |
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Revenues(a) |
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$ |
406,963 |
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$ |
445,170 |
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$ |
663,762 |
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$ |
350,983 |
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Gross margin |
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209,885 |
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228,193 |
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335,512 |
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187,674 |
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(Loss) earnings from continuing operations(b) |
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(19,665 |
) |
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(4,440 |
) |
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28,930 |
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(31,720 |
) |
(Loss) earnings per diluted share from continuing operations |
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(0.61 |
) |
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(0.14 |
) |
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0.78 |
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(0.99 |
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Fiscal Year 2011
For the Three Months Ended |
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July 31, 2011 |
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April 30, 2011 |
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January 31, 2011 |
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October 31, 2010 |
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Revenues |
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$ |
377,267 |
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$ |
411,843 |
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$ |
626,416 |
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$ |
327,037 |
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Gross margin |
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193,475 |
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206,419 |
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315,108 |
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165,093 |
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(Loss) earnings from continuing operations(c) |
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(32,703 |
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(9,928 |
) |
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27,742 |
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(97,153 |
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(Loss) earnings per diluted share from continuing operations |
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(1.02 |
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(0.31 |
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0.74 |
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(3.03 |
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- (a)
- Revenues for the quarters ended July 31, 2012, April 30, 2012, January 31, 2012 and October 31, 2011 include adjustments totaling $7.6 million, $8.5 million, $12.5 million and $6.3 million, respectively, related to the change in the revenue recognition associated with lifetime warranties.
- (b)
- The loss from continuing operations for the fourth quarter includes a $0.8 million charge related to cost associated with store impairments, costs incurred related to the debt refinancing transactions totaling $5.0 million. The loss from continuing operations for the third quarter includes a gain totaling $0.4 million related to the reduction of the store closure obligation. The earnings from continuing operations for the second quarter includes cost associated with store impairments of $1.0 million and a $0.1 million charge related to costs associated with store closures. The loss from continuing operations for the first quarter includes a $0.5 million charge related to store closures. (Loss) earnings from continuing operations for the quarters ended July 31, 2012, April 30, 2012, January 31, 2012 and October 31, 2011 include adjustments totaling $6.6 million, $8.1 million, $11.8 million and $5.9 million, respectively, related to the impact of the change in revenue recognition associated with lifetime warranties.
- (c)
- The loss from continuing operations for the fourth quarter includes a $3.1 million charge related to cost associated with store impairments and a $0.2 million charge related to costs associated with store closures. The loss from continuing operations for the third quarter includes a gain totaling $0.3 million related to the reduction of the store closure obligation. The earnings from continuing operations for the second quarter includes cost associated with store impairments of $3.7 million and a gain totaling $0.8 million related to the reduction of the store closure obligation. The loss from continuing operations for the first quarter includes a $1.1 million charge related to costs associated with store closures and a $45.8 million charge associated with the first amendment to our senior secured term loan.
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X |
- Definition
The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)-(j)
-URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section G
-Subsection 1
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 28
-Paragraph 30
-Subparagraph a-j
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 28
-Paragraph 23, 24
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 302
-Paragraph a
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