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Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Product revenue $ 53,223 $ 45,525 $ 102,912 $ 92,297
Service revenue 14,975 11,679 27,248 24,042
Total revenue 68,198 57,204 130,160 116,339
Cost of sales 38,796 31,159 75,688 62,231
Gross profit 29,402 26,045 54,472 54,108
Operating expenses:        
Product development and engineering 6,178 4,579 12,393 10,116
Selling, general and administrative 19,648 19,766 36,935 38,453
Total operating expenses 25,826 24,345 49,328 48,569
Operating income 3,576 1,700 5,144 5,539
Interest expense (206) (222) (470) (432)
Gain from settlement of deferred consideration obligation 0 0 0 520
Other income (loss), net (424) (361) (289) (91)
Income from continuing operations before income taxes 2,946 1,117 4,385 5,536
Provision for income taxes 1,635 2,257 3,381 3,693
Income (loss) from continuing operations 1,311 (1,140) 1,004 1,843
Income (loss) from discontinued operations, net of income taxes of $20 in 2011 and $980 and $1,243 for the three and six months in 2010, respectively (3,177) 4,507 (3,414) 5,866
Net income (loss) (1,866) 3,367 (2,410) 7,709
Less:        
Net income from continuing operations attributable to noncontrolling interests 0 400 0 1,120
Net income (loss) attributable to MRV (1,866) 2,967 (2,410) 6,589
Net income (loss) from continuing operations attributable to MRV 1,311 (1,540) 1,004 723
Net income (loss) from discontinued operations attributable to MRV $ (3,177) $ 4,507 $ (3,414) $ 5,866
Net income (loss) attributable to MRV per share — basic:        
From continuing operations $ 0.01 $ (0.01) $ 0.01 $ 0.00
From discontinued operations $ (0.02) $ 0.03 $ (0.02) $ 0.04
Net income (loss) attributable to MRV per share — basic $ (0.01) [1] $ 0.02 [1] $ (0.02) [1] $ 0.04 [1]
Net income (loss) attributable to MRV per share — diluted:        
From continuing operations $ 0.01 $ (0.01) $ 0.01 $ 0.00
From discontinued operations $ (0.02) $ 0.03 $ (0.02) $ 0.04
Net income (loss) attributable to MRV per share — diluted $ (0.01) [1] $ 0.02 [1] $ (0.02) [1] $ 0.04 [1]
Weighted average number of shares:        
Basic 157,449 157,684 157,510 157,657
Diluted 158,384 157,684 158,517 158,552
[1] (1) Amounts may not add due to rounding.