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Financial Information by Quarter (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Consolidated Statements of Operations Data for Each of Eight Quarters
The following table sets forth the Company’s unaudited quarterly consolidated statements of operations data for 2016 and 2015. The data has been prepared on the same basis as the audited consolidated financial statements and related notes included in this report. The table includes all necessary adjustments, consisting only of normal recurring adjustments that the Company considers necessary for a fair presentation of this data.
 
For the Three Months Ended (Unaudited)
 
 
 
2016
 
 
 
2015
 
Dec. 31
 
Sep. 24
 
Jun. 25
 
Mar. 26
 
Dec. 26
 
Sep. 26
 
Jun. 27
 
Mar. 28
 
 
 
 
 
(In thousands, except per share data)
 
 
 
 
Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product
$
151,365

 
$
156,188

 
$
227,532

 
$
216,082

 
$
227,040

 
$
202,365

 
$
178,982

 
$
160,843

Services
29,678

 
29,264

 
31,290

 
28,736

 
32,994

 
30,107

 
28,364

 
26,019

Total revenue
181,043

 
185,452

 
258,822

 
244,818

 
260,034

 
232,472

 
207,346

 
186,862

Cost of revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of product
101,702

 
91,064

 
122,438

 
118,062

 
130,765

 
117,154

 
99,491

 
89,506

Cost of services
10,309

 
9,786

 
12,638

 
10,418

 
13,505

 
12,513

 
11,059

 
9,244

Total cost of revenue
112,011

 
100,850

 
135,076

 
128,480

 
144,270

 
129,667

 
110,550

 
98,750

Gross profit
69,032

 
84,602

 
123,746

 
116,338

 
115,764

 
102,805

 
96,796

 
88,112

Operating expenses
114,900

 
95,461

 
107,664

 
101,467

 
101,975

 
88,545

 
80,266

 
72,955

Income (loss) from operations
(45,868
)
 
(10,859
)
 
16,082

 
14,871

 
13,789

 
14,260

 
16,530

 
15,157

Other income (expense), net
5,589

 
(2,854
)
 
(3,295
)
 
(2,847
)
 
(2,013
)
 
(5,901
)
 
2,384

 
(2,175
)
Income (loss) before income taxes
(40,279
)
 
(13,713
)
 
12,787

 
12,024

 
11,776

 
8,359

 
18,914

 
12,982

Provision for (benefit from) income taxes
(4,026
)
 
(2,416
)
 
1,475

 
216

 
(392
)
 
(151
)
 
1,008

 
616

Net income (loss)
$
(36,253
)
 
$
(11,297
)
 
$
11,312

 
$
11,808

 
$
12,168

 
$
8,510

 
$
17,906

 
$
12,366

Less: Net loss attributable to noncontrolling interest

 
(125
)
 
(171
)
 
(207
)
 
(463
)
 

 

 

Net income (loss) attributable to Infinera Corporation
$
(36,253
)
 
$
(11,172
)
 
$
11,483

 
$
12,015

 
$
12,631

 
$
8,510

 
$
17,906

 
$
12,366

Net income (loss) per common share attributable to Infinera Corporation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
(0.25
)
 
$
(0.08
)
 
$
0.08

 
$
0.09

 
$
0.09

 
$
0.06

 
$
0.14

 
$
0.10

Diluted
$
(0.25
)
 
$
(0.08
)
 
$
0.08

 
$
0.08

 
$
0.08

 
$
0.06

 
$
0.13

 
$
0.09