NOTE 22—Unaudited Quarterly Results
Below are unaudited condensed quarterly results for the year ended February 28, 2013:
| Year Ended
February 28, 2013 Unaudited |
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| 4th Quarter |
3rd Quarter |
2nd Quarter |
1st Quarter |
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| (in thousands, except per share data) | ||||||||||||||||
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Revenue: |
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Subscriptions |
$ | 302,784 | $ | 294,186 | $ | 278,800 | $ | 272,571 | ||||||||
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Training and services |
45,101 | 49,420 | 43,795 | 42,160 | ||||||||||||
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Total subscription and training and services revenue |
$ | 347,885 | $ | 343,606 | $ | 322,595 | $ | 314,731 | ||||||||
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Gross profit |
$ | 294,280 | $ | 290,488 | $ | 274,737 | $ | 268,712 | ||||||||
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Income from operations |
$ | 50,231 | $ | 49,919 | $ | 49,980 | $ | 50,908 | ||||||||
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Interest income |
$ | 1,861 | $ | 1,936 | $ | 2,154 | $ | 2,294 | ||||||||
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Other income (expense), net |
$ | (32 | ) | $ | (730 | ) | $ | (656 | ) | $ | 1,887 | |||||
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Net income, basic and diluted |
$ | 42,973 | $ | 34,765 | $ | 35,005 | $ | 37,461 | ||||||||
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Net income per common share (1): |
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Basic |
$ | 0.22 | $ | 0.18 | $ | 0.18 | $ | 0.19 | ||||||||
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Diluted |
$ | 0.22 | $ | 0.18 | $ | 0.18 | $ | 0.19 | ||||||||
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Weighted average shares outstanding: |
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Basic |
193,207 | 193,374 | 193,064 | 192,947 | ||||||||||||
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Diluted |
195,133 | 195,666 | 195,795 | 195,937 | ||||||||||||
| (1) | Earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly per common share information may not equal the reported annual earnings per common share. |
Below are unaudited condensed quarterly results for the year ended February 29, 2012:
| Year Ended
February 29, 2012 Unaudited |
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| 4th Quarter |
3rd Quarter |
2nd Quarter |
1st Quarter |
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| (in thousands, except per share data) | ||||||||||||||||
|
Revenue: |
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|
Subscriptions |
$ | 255,167 | $ | 246,538 | $ | 238,337 | $ | 225,533 | ||||||||
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Training and services |
41,844 | 43,488 | 42,983 | 39,213 | ||||||||||||
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Total subscription and training and services revenue |
$ | 297,011 | $ | 290,026 | $ | 281,320 | $ | 264,746 | ||||||||
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Gross profit |
$ | 252,738 | $ | 244,837 | $ | 234,681 | $ | 222,299 | ||||||||
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Income from operations |
$ | 48,504 | $ | 53,572 | $ | 52,478 | $ | 45,359 | ||||||||
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Interest income |
$ | 2,280 | $ | 2,075 | $ | 2,127 | $ | 1,936 | ||||||||
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Other income (expense), net |
$ | (155 | ) | $ | (227 | ) | $ | 326 | $ | (266 | ) | |||||
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Net income, basic and diluted |
$ | 35,968 | $ | 38,240 | $ | 39,968 | $ | 32,450 | ||||||||
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Net income per common share (1): |
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Basic |
$ | 0.19 | $ | 0.20 | $ | 0.21 | $ | 0.17 | ||||||||
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Diluted |
$ | 0.18 | $ | 0.19 | $ | 0.20 | $ | 0.17 | ||||||||
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Weighted average shares outstanding: |
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|
Basic |
193,117 | 193,393 | 192,937 | 193,155 | ||||||||||||
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Diluted |
195,879 | 196,468 | 196,171 | 196,287 | ||||||||||||
| (1) | Earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly per common share information may not equal the reported annual earnings per common share. |