IOMEGA CORPORATION CONDENSED STATEMENTS of OPERATIONS - QTD (In Thousands, Except Per Share Data) (Unaudited)
IOMEGA CORPORATION CONDENSED STATEMENTS OF OPERATIONS - QTD (In thousands, except per share data) (Unaudited) For the Three Months Ended Dec. 31, Dec. 31, Sept. 30, 2001 % 2000 % 2001 % REVENUE $189,934 100.0% $331,147 100.0% $182,137 100.0% COST OF SALES (1) 126,422 66.6% 220,165 66.5% 149,859 82.3% Gross margin 63,512 33.4% 110,982 33.5% 32,278 17.7% OPERATING EXPENSES: Selling, general and administrative 44,368 23.4% 84,351 25.5% 60,043 33.0% Research and development 9,729 5.1% 16,238 4.9% 12,476 6.8% Restructuring charges 4,594 2.4% 0 0.0% 33,266 18.3% Total operating expenses 58,691 30.9% 100,589 30.4% 105,785 58.1% OPERATING INCOME (LOSS) 4,821 2.5% 10,393 3.1% (73,507) (40.4%) Interest and other income and expense, net 1,343 0.7% 4,968 1.5% 3,203 1.8% INCOME (LOSS) BEFORE INCOME TAXES (2)6,164 (3) 3.2% 15,361 4.6% (70,304) (38.6%) BENEFIT (PROVISION) FOR INCOME TAXES(2,268) (1.2%) (7,261) (2.2%) 27,859 15.3% (INCREASE) DECREASE IN TAX VALUATION ALLOWANCE 0 0.0% 13,914 4.2% (28,707) (15.8%) NET INCOME (LOSS) $3,896 2.1% $22,014 6.6% ($71,152) (39.1%) BASIC EARNINGS (LOSS) PER SHARE $0.07 $0.41 ($1.32) DILUTED EARNINGS (LOSS) PER SHARE $0.07 $0.41 ($1.32) COMMON SHARES OUTSTANDING 52,035 54,052 53,848 COMMON SHARES ASSUMING DILUTION 52,035 54,715 53,848 (1) Q3 2001 includes $25.2 million of non-restructuring charges reflecting writedowns of inventory and equipment and other assets and charges associated with various contractual arrangements and supplier commitments.
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