Quarterly Consolidated Financial Data (unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Consolidated Financial Data Unaudited [Abstract]

Quarterly Consolidated Financial Data (unaudited)

19. Quarterly Consolidated Financial Data (unaudited):

The following tables present certain unaudited consolidated quarterly financial information for the years ended December 31, 2019 and 2018. 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 changes in tax rates.

	Quarters Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019			Total
Revenue	$	60,892	$	61,511	$	62,935	$	120,558		$	305,896
Gross profit		32,019		31,911		31,511		39,587		$	135,028
Income (loss) before income taxes		8,795		6,121		6,908		(22,421	)	$	(597	)
Net income (loss)		7,576		5,526		6,560		(17,752	)	$	1,910
Income (loss) per share:
Basic	$	0.31	$	0.22	$	0.26	$	(0.41	)	$	0.06
Diluted	$	0.30	$	0.22	$	0.26	$	(0.41	)	$	0.06
Weighted average number of shares outstanding:
Basic		24,863		25,032		25,079		43,609			29,729
Diluted		25,144		25,250		25,305		43,609			30,007

	Quarters Ended
	March 31, 2018		June 30, 2018		September 30, 2018		December 31, 2018		Total
Revenue	$	73,096	$	77,476	$	60,432	$	62,780	$	273,784
Gross profit		42,421		41,736		31,454		32,668		148,279
Income before income taxes		17,674		17,290		8,368		10,014		53,346
Net income		15,130		14,697		7,187		8,082		45,096
Income per share:
Basic	$	0.59	$	0.57	$	0.28	$	0.32	$	1.77
Diluted	$	0.58	$	0.56	$	0.28	$	0.32	$	1.74
Weighted average number of shares outstanding:
Basic		25,463		25,621		25,655		25,146		25,470
Diluted		25,989		26,086		26,063		25,449		25,895