Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

L. Quarterly Financial Data (unaudited)

We believe that the results of operations are more meaningful on a seasonal basis (approximately January-June and July-December) than on a quarterly basis. The timing of shipments can be affected by the availability of materials, retail sales and fashion trends. These factors may shift volume and related earnings between quarters within a season differently in one year than in another.


(Dollars in thousands except per share data)					Quarter ending

		Mar 31			Jun 30			Sep 30		Dec 31

2011
Net sales	$	26,084		$	32,162		$	33,415	$	46,959
Gross profit		8,229			10,975			10,486		16,772
Net income (loss)		32			1,449			1,018		3,439
Net income (loss) per common share – basic		.01			.26			.18		.61
Net income (loss) per common share – diluted		.01			.26			.18		.61

2010
Net sales	$	25,655		$	29,420		$	32,595	$	45,032
Gross profit		6,773			8,636			10,228		15,412
Net income (loss)		(457	)		(61	)		1,129		3,563
Net income (loss) per common share – basic		(.08	)		(.01	)		.20		.63
Net income (loss) per common share – diluted		(.08	)		(.01	)		.20		.63

- 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+ Details

Swank, Inc. 10-K/A