Adams Golf Inc. (Nasdaq:ADGF) reported net sales of $86.3 million for the year ended December 31, 2010, as compared to $76.1 million for the year ended December 31, 2009, an increase of 12% year-over-year. Adams Golf had a net profit of $5.0 million, or $0.66 per fully diluted share, for the year ended December 31, 2010, as compared to a loss of $12.2 million, or $(1.82) per fully diluted share, for the comparable period of 2009. The loss during 2009 included a $5.0 million one time charge to settlement expense resulting from the accrual of the settlement of the class action lawsuit, and a one time charge to cost of goods sold of $3.6 million for the write-down of products to the lower of cost or market. Excluding these charges during 2009, the loss would have been $3.6 million, or $(0.53) per fully diluted share, for the year ended December 31, 2009.

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