Notes to Consolidated Financial Statements  (continued) 19. RESULTS BY QUARTER (UNAUDITED) (Dollars in thousands, except per share amounts) 46 The following table summarizes the increase (decrease) in the results of operations for the reported 2003 and 2002 fiscal quarters as a result of the restatement discussed above: The following tables set forth restated quarterly supplementary data for each of the years in the two-year period ended October 31, 2003. The unaudited quarterly results of operations for each of the quarters in the fiscal year ended October 31, 2002 and for each of the three quarters in the period ended July 31, 2003 have been restated for the revised revenue recognition policy related to the change in the method  of accounting for price concessions identified in Note 2. As As Reported Restatement Restated Quarter ended January 31, 2003: Net sales $408,794 $ 2,214 $411,008 Gross profit 164,127 1,820 165,947 Net income $ 50,462 $ 1,073 $ 51,535 Per share data: Basic—EPS $ 1.24 $ 0.02 $ 1.26 Diluted—EPS $ 1.20 $ 0.02 $ 1.22 Quarter ended April 30, 2003: Net sales $194,213 $(1,190) $193,023 Gross profit 72,474 (991) 71,483 Net income $ 15,239 $ (616) $ 14,623 Per share data: Basic—EPS $ 0.37 $ (0.02) $ 0.35 Diluted—EPS $ 0.36 $ (0.01) $ 0.35 Quarter ended July 31, 2003: Net sales $155,587 $(3,532) $152,055 Gross profit 61,669 (3,150) 58,519 Net income $ 7,649 $(1,953) $ 5,696 Per share data: Basic—EPS $ 0.18 $ (0.05) $ 0.13 Diluted—EPS $ 0.18 $ (0.05) $ 0.13 As Restated 2002 Net sales $286,945 $167,286 $123,117 $217,328 Gross profit 106,242 60,642 45,997 81,711 Net income $ 36,752 $ 8,010 $ 5,049 $ 21,752 Per share data: Basic—EPS $ 1.00 $ 0.22 $ 0.13 $ 0.55 Diluted—EPS $ 0.97 $ 0.21 $ 0.13 $ 0.53 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 2003 (Restated) (Restated) (Restated) Net sales $411,008 $193,023 $152,055 $277,607 Gross profit 165,947 71,483 58,519 100,190 Net income $ 51,535 $ 14,623 $5,696 $ 26,264 Per share data: Basic—EPS $ 1.26 $ 0.35 $ 0.13 $ 0.60 Diluted—EPS $ 1.22 $ 0.35 $ 0.13 $ 0.58 TAKE-TWO INTERACTIVE SOFTWARE, INC. AND SUBSIDIARIES