XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Earnings (unaudited) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Net revenue:    
Product revenue $ 34,441,000us-gaap_SalesRevenueGoodsNet $ 29,845,000us-gaap_SalesRevenueGoodsNet
License, royalty and collaboration revenue 170,000vasc_LicenseRoyaltyAndCollaborationRevenue 62,000vasc_LicenseRoyaltyAndCollaborationRevenue
Total revenue 34,611,000us-gaap_Revenues 29,907,000us-gaap_Revenues
Product costs and operating expenses:    
Cost of goods sold 11,296,000us-gaap_CostOfGoodsSold 9,583,000us-gaap_CostOfGoodsSold
Collaboration expenses 54,000us-gaap_CostOfReimbursableExpense 11,000us-gaap_CostOfReimbursableExpense
Research and development 4,067,000us-gaap_ResearchAndDevelopmentExpense 3,290,000us-gaap_ResearchAndDevelopmentExpense
Clinical and regulatory 1,481,000us-gaap_OtherCostAndExpenseOperating 1,300,000us-gaap_OtherCostAndExpenseOperating
Sales and marketing 8,732,000us-gaap_SellingAndMarketingExpense 7,736,000us-gaap_SellingAndMarketingExpense
General and administrative 4,777,000us-gaap_GeneralAndAdministrativeExpense 2,859,000us-gaap_GeneralAndAdministrativeExpense
Medical device excise taxes 376,000us-gaap_ExciseAndSalesTaxes 345,000us-gaap_ExciseAndSalesTaxes
Amortization of purchased technology and intangibles 405,000us-gaap_AmortizationOfIntangibleAssets 412,000us-gaap_AmortizationOfIntangibleAssets
Total product costs and operating expenses 31,188,000us-gaap_CostsAndExpenses 25,536,000us-gaap_CostsAndExpenses
Operating earnings 3,423,000us-gaap_OperatingIncomeLoss 4,371,000us-gaap_OperatingIncomeLoss
Other earnings 28,000us-gaap_OtherNonoperatingIncome 2,000us-gaap_OtherNonoperatingIncome
Earnings before income taxes 3,451,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 4,373,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense (1,244,000)us-gaap_IncomeTaxExpenseBenefit (1,574,000)us-gaap_IncomeTaxExpenseBenefit
Net earnings $ 2,207,000us-gaap_NetIncomeLoss $ 2,799,000us-gaap_NetIncomeLoss
Net earnings per share - basic (in dollars per share) $ 0.13us-gaap_EarningsPerShareBasic $ 0.17us-gaap_EarningsPerShareBasic
Net earnings per share - diluted (in dollars per share) $ 0.12us-gaap_EarningsPerShareDiluted $ 0.16us-gaap_EarningsPerShareDiluted