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Second quarter 2012 gross profit was $34.3 million compared to $48.4 million for the second quarter 2011. Second quarter 2012 gross margin was 15.5 percent compared to 21.3 percent one year prior. The decrease in gross margin was due to lower gross profit per unit. The company's unit volume increased 3 percent relative to the second quarter 2011 on a 5% decrease in average selling prices.
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