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Quarterly Consolidated Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Consolidated Financial Data Unaudited [Abstract]  
Quarterly Consolidated Financial Data (unaudited)

16.

Quarterly Consolidated Financial Data (unaudited):

The following tables present certain unaudited consolidated quarterly financial information for the years ended December 31, 2017 and December 31, 2016. In the opinion of the Company’s management, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period.


Year-over-year quarterly comparisons of the Company’s results of operations may not be meaningful, as the sequential quarterly comparisons set forth below tend to reflect the cyclical activity of the semiconductor industry as a whole. Other quarterly fluctuations in expenses are related directly to sales activity and volume and may also reflect the timing of operating expenses incurred throughout the year and the purchase accounting effects of business combinations.

 

 

 

Quarters Ended

 

 

 

 

 

 

 

March 31,

2017

 

 

June 30,

2017

 

 

September 30,

2017

 

 

December 31,

2017

 

 

Total

 

Revenues

 

$

60,679

 

 

$

67,418

 

 

$

66,920

 

 

$

60,081

 

 

$

255,098

 

Gross profit

 

 

31,868

 

 

 

35,456

 

 

 

35,145

 

 

 

32,126

 

 

 

134,595

 

Income before income taxes

 

 

9,607

 

 

 

12,752

 

 

 

25,663

 

 

 

11,780

 

 

 

59,802

 

Net income (loss)

 

 

7,151

 

 

 

9,193

 

 

 

17,369

 

 

 

(804

)

 

 

32,909

 

Income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.23

 

 

$

0.29

 

 

$

0.55

 

 

$

(0.03

)

 

$

1.05

 

Diluted

 

$

0.22

 

 

$

0.29

 

 

$

0.54

 

 

$

(0.03

)

 

$

1.02

 

Weighted average number of shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

31,290

 

 

 

31,501

 

 

 

31,571

 

 

 

31,597

 

 

 

31,491

 

Diluted

 

 

32,058

 

 

 

32,146

 

 

 

32,170

 

 

 

31,597

 

 

 

32,162

 

 

 

 

Quarters Ended

 

 

 

 

 

 

 

March 31,

2016

 

 

June 30,

2016

 

 

September 30,

2016

 

 

December 31,

2016

 

 

Total

 

Revenues

 

$

54,362

 

 

$

62,701

 

 

$

61,641

 

 

$

54,076

 

 

$

232,780

 

Gross profit

 

 

29,045

 

 

 

34,193

 

 

 

32,449

 

 

 

27,864

 

 

 

123,551

 

Income before income taxes

 

 

19,561

 

 

 

10,593

 

 

 

12,970

 

 

 

6,744

 

 

 

49,868

 

Net income

 

 

13,939

 

 

 

7,601

 

 

 

9,286

 

 

 

6,126

 

 

 

36,952

 

Income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.45

 

 

$

0.25

 

 

$

0.30

 

 

$

0.20

 

 

$

1.19

 

Diluted

 

$

0.44

 

 

$

0.24

 

 

$

0.30

 

 

$

0.19

 

 

$

1.16

 

Weighted average number of shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

30,957

 

 

 

30,779

 

 

 

30,988

 

 

 

31,085

 

 

 

31,128

 

Diluted

 

 

31,654

 

 

 

31,754

 

 

 

31,459

 

 

 

32,018

 

 

 

31,790