Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data [Abstract]

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

The following tables summarize MRV's Statements of Operations (in thousands):

Three months ended:	March 31, 2011			June 30, 2011			September 30, 2011			December 31, 2011
Revenue	$	61,962		$	68,198		$	62,455		$	74,138
Cost of goods sold	36,892			38,796			37,368			46,105
Gross profit	25,070			29,402			25,087			28,033
Operating expenses:
Product development and engineering	6,215			6,178			5,666			6,259
Selling, general and administrative	17,287			19,648			15,918			20,002
Impairment of goodwill	—			—			—			7,095
Total operating expenses	23,502			25,826			21,584			33,356
Operating income (loss)	1,568			3,576			3,503			(5,323		)
Interest expense	(264		)	(206		)	(217		)	(243		)
Other income (loss), net	135			(424		)	(1,548		)	610
Income (loss) from continuing operations before income taxes	1,439			2,946			1,738			(4,956		)
Provision for income taxes	1,746			1,635			(343		)	1,541
Income (loss) from continuing operations	(307		)	1,311			2,081			(6,497		)
Loss from discontinued operations	(237		)	(3,177		)	—			—
Net income (loss) attributable to MRV	$	(544	)	$	(1,866	)	$	2,081		$	(6,497	)
Net income (loss) attributable to MRV per share — basic:
From continuing operations	$	—		$	0.01		$	0.01		$	(0.04	)
From discontinued operations	$	—		$	(0.02	)	$	—		$	—
Net income (loss) attributable to MRV per share — basic(1)	$	—		$	(0.01	)	$	0.01		$	(0.04	)
Net income (loss) attributable to MRV per share — diluted:
From continuing operations	$	—		$	0.01		$	0.01		$	(0.04	)
From discontinued operations	$	—		$	(0.02	)	$	—		$	—
Net income (loss) attributable to MRV per share — diluted(1)	$	—		$	(0.01	)	0.01			$	(0.04	)
Basic weighted average shares	157,572			157,449			157,535			157,686
Diluted weighted average shares	157,572			158,384			158,601			157,686

Three months ended:	March 31, 2010			June 30, 2010			September 30, 2010			December 31, 2010
Revenue	$	59,135		$	57,204		$	66,120		$	73,573
Cost of goods sold	31,072			31,159			38,631			44,450
Gross profit	28,063			26,045			27,489			29,123
Operating expenses:
Product development and engineering	5,537			4,579			5,654			6,018
Selling, general and administrative	18,687			19,766			16,443			19,696
Total operating expenses	24,224			24,345			22,097			25,714
Operating income	3,839			1,700			5,392			3,409
Interest expense	(210		)	(222		)	(242		)	(276		)
Gain from settlement of deferred consideration obligation	520			—			—			—
Other income (loss), net	270			(361		)	(1,245		)	(1,240		)
Income from continuing operations before income taxes	4,419			1,117			3,905			1,893
Provision for income taxes	1,436			2,257			874			(1,907		)
Income (loss) from continuing operations	2,983			(1,140		)	3,031			3,800
Gain from discontinued operations	1,359			4,507			543			35,697
Net income	4,342			3,367			3,574			39,497
Less:
Net income from continuing operations attributable to noncontrolling interests	720			400			696			273
Net income from discontinued operations attributable to noncontrolling interests	—			—			—			—
Net income attributable to MRV	$	3,622		$	2,967		$	2,878		$	39,224
Net income (loss) from continuing operations attributable to MRV	$	2,263		(1,540		)	$	2,335		$	3,527
Net income from discontinued operations attributable to MRV	$	1,359		$	4,507		$	543		$	35,697
Net income (loss) attributable to MRV per share — basic:
From continuing operations	$	0.01		$	(0.01	)	$	0.01		$	0.02
From discontinued operations	0.01			0.03			—			0.23
Net income attributable to MRV per share — basic (1)	$	0.02		$	0.02		$	0.02		$	0.25
Net income (loss) attributable to MRV per share — diluted:
From continuing operations	$	0.01		$	(0.01	)	$	0.01		$	0.02
From discontinued operations	0.01			0.03			—			0.23
Net income attributable to MRV per share — diluted (1)	$	0.02		$	0.02		$	0.02		$	0.25
Basic weighted average shares	157,629			157,684			157,707			157,257
Diluted weighted average shares	158,031			157,684			158,590			158,068

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(1) Amounts may not add due to rounding.