XML 18 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
REVENUE $ 43,572,000 $ 55,566,000
COST OF SALES 7,458,000 12,987,000
Gross margin 36,114,000 42,579,000
OPERATING EXPENSES:    
Research and development 12,357,000 11,818,000
Selling, general and administrative 10,791,000 10,077,000
Amortization of acquired technology and other intangible assets 5,491,000 5,492,000
Patent costs 1,725,000 1,547,000
Royalty and license expense 1,231,000 1,587,000
Total operating expenses 31,595,000 30,521,000
OPERATING INCOME 4,519,000 12,058,000
Interest income, net 1,271,000 671,000
Other expense, net (47,000) (19,000)
Interest and other expense, net 1,224,000 652,000
INCOME BEFORE INCOME TAXES 5,743,000 12,710,000
INCOME TAX BENEFIT (EXPENSE) 216,000 (2,345,000)
NET INCOME $ 5,959,000 $ 10,365,000
NET INCOME PER COMMON SHARE:    
BASIC $ 0.13 $ 0.22
DILUTED $ 0.13 $ 0.22
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE:    
BASIC 46,783,158 46,661,559
DILUTED 46,848,798 46,742,894
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.06 $ 0.03