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Quarterly Results of Operation (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operation (Unaudited)

22.

Quarterly Results of Operation (Unaudited)

The following is a summary of the Company’s unaudited quarterly results of operations for the fiscal years ended December 31, 2016 and 2015 (in thousands, except per share amounts):

 

 

 

Fiscal Year Ended December 31, 2016

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Total revenues

 

$

 

 

$

 

 

$

1,466

 

 

$

53

 

 

$

1,519

 

Cost of goods sold

 

 

 

 

 

 

 

 

1,031

 

 

 

38

 

 

 

1,069

 

Amortization of intangible assets

 

 

1,817

 

 

 

1,786

 

 

 

1,709

 

 

 

1,655

 

 

 

6,967

 

Goodwill impairment

 

 

 

 

 

61,784

 

 

 

 

 

 

 

 

 

61,784

 

Restructuring and other charges

 

 

 

 

 

3,085

 

 

 

 

 

 

(21

)

 

 

3,064

 

Inventory write-down related to restructuring

 

 

 

 

 

2,565

 

 

 

 

 

 

 

 

 

2,565

 

Other operating expenses

 

 

13,163

 

 

 

11,509

 

 

 

12,278

 

 

 

12,769

 

 

 

49,719

 

Interest expense, net

 

 

578

 

 

 

394

 

 

 

462

 

 

 

420

 

 

 

1,854

 

Loss before income taxes

 

 

(15,558

)

 

 

(81,123

)

 

 

(14,014

)

 

 

(14,808

)

 

 

(125,503

)

Income tax benefit

 

 

2,645

 

 

 

992

 

 

 

1,070

 

 

 

816

 

 

 

5,523

 

Net loss

 

$

(12,913

)

 

$

(80,131

)

 

$

(12,944

)

 

$

(13,992

)

 

$

(119,980

)

Net loss per share - basic and diluted

 

$

(0.12

)

 

$

(0.70

)

 

$

(0.11

)

 

$

(0.12

)

 

$

(1.07

)

 

 

 

Fiscal Year Ended December 31, 2015

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Total revenues

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Cost of goods sold

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of intangible assets

 

 

125

 

 

 

126

 

 

 

338

 

 

 

1,596

 

 

 

2,185

 

Acquisition related costs

 

 

 

 

 

 

 

 

4,003

 

 

 

228

 

 

 

4,231

 

Other operating expenses

 

 

9,714

 

 

 

8,942

 

 

 

9,223

 

 

 

12,076

 

 

 

39,955

 

Interest expense, net

 

 

281

 

 

 

280

 

 

 

436

 

 

 

604

 

 

 

1,601

 

Loss before income taxes

 

 

(10,120

)

 

 

(9,348

)

 

 

(14,000

)

 

 

(14,504

)

 

 

(47,972

)

Income tax benefit

 

 

 

 

 

 

 

 

99

 

 

 

925

 

 

 

1,024

 

Net loss

 

$

(10,120

)

 

$

(9,348

)

 

$

(13,901

)

 

$

(13,579

)

 

$

(46,948

)

Net loss per share - basic and diluted

 

$

(0.16

)

 

$

(0.14

)

 

$

(0.16

)

 

$

(0.13

)

 

$

(0.59

)