XML 70 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information

The following table sets forth our consolidated unaudited financial data for the last eight quarters ended December 31, 2019. We believe that we have included all adjustments, consisting only of normal recurring adjustments necessary for a fair statement of our selected quarterly data. The calculation of basic and diluted per share amounts for each quarter is based on the weighted-average shares outstanding for that period; consequently, the sum of the quarters may not necessarily be equal to the full year basic and diluted net income per share.
 
For the Quarter Ended
 
Dec 31, 2019 (a)
 
Sep 30, 2019
 
Jun 30, 2019 (b)
 
Mar 31, 2019 (c)
 
Dec 31, 2018 (d)
 
Sep 30, 2018
 
Jun 30, 2018
 
Mar 31, 2018
 
(In thousands, except per share data)
Net sales
$
1,178,464

 
$
1,083,917

 
$
895,305

 
$
894,964

 
$
1,081,271

 
$
1,144,192

 
$
1,065,684

 
$
1,025,319

Gross profit
222,984

 
182,240

 
123,454

 
120,761

 
182,370

 
200,707

 
169,717

 
157,771

Operating income
118,385

 
78,855

 
22,510

 
13,420

 
75,381

 
92,703

 
53,941

 
36,119

Income tax expense
764

 
9,141

 
5,897

 
21,380

 
28,812

 
14,326

 
10,631

 
2,481

Net income (loss)
99,816

 
54,486

 
(9,006
)
 
(22,668
)
 
28,894

 
57,292

 
33,184

 
10,195

Net income (loss) attributable to Amkor
99,147

 
54,070

 
(9,450
)
 
(22,879
)
 
28,295

 
56,662

 
32,591

 
9,544

Net income (loss) attributable to Amkor per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.41

 
$
0.23

 
$
(0.04
)
 
$
(0.10
)
 
$
0.12

 
$
0.24

 
$
0.14

 
$
0.04

Diluted
$
0.41

 
$
0.23

 
$
(0.04
)
 
$
(0.10
)
 
$
0.12

 
$
0.24

 
$
0.14

 
$
0.04

(a)
In the fourth quarter of 2019, we recorded a $3.8 million discrete income tax benefit, primarily related to changes in the valuation of certain deferred tax assets.
(b)
In the second quarter of 2019, we incurred an $8.4 million charge related to the early redemption of our 2022 Notes.
(c)
In the first quarter of 2019, we recorded a $14.9 million non-cash discrete income tax charge to reduce the value of certain deferred tax assets.
(d)
In the fourth quarter of 2018, we recorded a $22.3 million income tax expense to complete the accounting for the impact of the Tax Act, reducing our estimated net tax benefit of $41.6 million from 2017.