Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Results

v2.4.0.8
Quarterly Financial Results
 12 Months Ended
Jun. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information
SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following is a summary of the quarterly results of operations for years ended June 30, 2014 and 2013:

in thousands, except per share data
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total Year
Fiscal 2014
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
1,496,025

 
$
1,488,691

 
$
1,581,590

 
$
1,413,048

 
$
5,979,354

Gross profit
 
7,029

 
7,872

 
7,580

 
4,960

 
27,441

Net income
 
2,366

 
2,248

 
2,096

 
1,549

 
8,259

 
 
 
 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
 
 
 
Basic income per share (1)
 
0.31

 
0.29

 
0.28

 
0.21

 
1.10

Diluted net income per share (1)
 
0.30

 
0.29

 
0.28

 
0.21

 
1.09

 
 
 
 
 
 
 
 
 
 
 
Fiscal 2013
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
1,619,815

 
$
1,696,783

 
$
1,833,480

 
$
2,097,639

 
$
7,247,717

Gross profit
 
5,034

 
6,256

 
7,582

 
11,475

 
30,347

Net income
 
1,685

 
2,486

 
2,610

 
5,733

 
12,514

 
 
 
 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
 
 
 
Basic income per share (1)
 
0.21

 
0.32

 
0.34

 
0.75

 
1.61

Diluted net income per share (1)
 
0.21

 
0.32

 
0.34

 
0.74

 
1.59

 
 
 
 
 
 
 
 
 
 
 
_________________________________
(1)
 
Basic and diluted income per share was based on historical SGI basic and fully diluted share figures through March 14, 2014, the distribution date. Amounts shown were retroactively adjusted to give effect for the share distribution in connection with the spinoff, on the basis of one share of A-Mark stock issued for every four shares of SGI stock held through the distribution date. Thereafter, basic and diluted income per share was based on the Company's historical basic and fully diluted share figures.