MGMT 475.WB1 Fa 22 Module 2 Exercise A: Performance Assessment 10 points Submit in Sakai Assignments folder no later than 10pm Friday, 9/16. This exercise uses the data from the Income Statement below. Year Ended December 31, 2020 2019 2018 2017 2016 In thousands, except per share data Consolidated Statements of Operations Data: Net sales $ 515,872 $ 598,649 $ 567,810 $ 613, 111 $ 706,603 Cost of sales 366, 107 439,304 412,094 457,430 483,582 Gross profit 49, 765 159,345 155,716 155,681 223,021 Selling, general and administrative expenses 134,860 161,210 185,142 205,223 205,915 Goodwill and other intangibles impairment 9,379 13,536 Restructuring charge 1,631 341 1,114 1,080 Pandemic related charges 366 Acquisition related and other 6,204 1.633 Income (loss) from operations 12,908 (17,789) (32, 173) (64, 158) 17, 106 Income from joint ventures 2 227 105 889 Other income (expense), net 301 (1,158) 152 342 305 Loss on extinguishment of debt 13,205) 453) (611) Change in fair value of preferred stock derivative liability 2,815 (353) Change in fair value of convertible senior notes (2,265) (5,112) 2,948 (308) Write-off of investment in DreamPlay, LLC (7,000) Interest income 22 85 68 37 51 Interest expense (21,562) 15,935) (10,243) (9,829) (12,975) Income (loss) before provision for income taxes 13,409 53,467) 39,474) (81,422) 5,376 Provision for income taxes 735 1,912 2.951 1,606 4,127 Net income (loss) (14, 144) (55,379) 42,425) (83,028 1,249 Net income (loss) attributable to non-controlling interests 130 169 (57) 57 6 Net income (loss) attributable to JAKKS Pacific, Inc. 14,274) (55,548) 42,368) 83,085) 1,243 Net income (loss) attributable to common stockholders (15,531) 56, 031) 42,368 83,085 1,243 Basic earnings (loss) per share (4.27) (21.57) (18.34) (38.93 0.75 Diluted earnings (loss) per share (4.27) (21.57 (18.34) (38.93) 0.75 Dividends declared per common share 2020 2019 2018 2017 Industry revenue growth rate 6.7% 1.7% -4.4% -3.8% Industry average Operating Prof Margin -2.4% -4.1% -6.9% -2.0%