XML 39 R25.htm IDEA: XBRL DOCUMENT v3.6.0.2
QUARTERLY RESULTS (UNAUDITED) (Notes)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS (UNAUDITED)
QUARTERLY RESULTS (UNAUDITED)

The following information has been derived from unaudited consolidated financial statements that, in the opinion of management, include all normal recurring adjustments necessary for a fair presentation of such information.
(In thousands, except per share data)
Quarter Ended
2016
 
2015
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
Net revenues
$
115,295

 
$
119,019

 
$
134,069

 
$
143,547

 
$
138,806

 
$
137,436

 
$
109,767

 
$
119,586

Cost of revenues
43,876

 
41,678

 
44,320

 
41,533

 
54,912

 
47,672

 
43,306

 
47,492

Amortization of intangible assets
1,950

 
1,950

 
1,950

 
1,950

 
1,950

 
1,950

 
163

 
—

Gross profit
69,469

 
75,391

 
87,799

 
100,064

 
81,944

 
87,814

 
66,298

 
72,094

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Research and development
18,773

 
19,953

 
21,433

 
21,405

 
24,190

 
25,225

 
23,310

 
23,173

   Marketing and selling
21,311

 
27,231

 
30,177

 
31,619

 
30,091

 
31,564

 
32,811

 
28,045

   General and administrative
13,112

 
13,822

 
16,818

 
17,719

 
21,463

 
15,834

 
17,425

 
19,387

   Amortization of intangible assets
363

 
567

 
782

 
786

 
786

 
786

 
408

 
374

   Restructuring costs (recoveries), net
4,959

 
5,314

 
(213
)
 
2,777

 
5,766

 
—

 
539

 
—

   Total operating expenses
58,518

 
66,887

 
68,997

 
74,306

 
82,296

 
73,409

 
74,493

 
70,979

Operating income (loss)
10,951

 
8,504

 
18,802

 
25,758

 
(352
)
 
14,405

 
(8,195
)
 
1,115

Other expense, net
(4,622
)
 
(4,707
)
 
(5,159
)
 
(4,183
)
 
(1,727
)
 
(2,519
)
 
(1,439
)
 
(723
)
Income (loss) before income taxes
6,329

 
3,797

 
13,643

 
21,575

 
(2,079
)
 
11,886

 
(9,634
)
 
392

Provision for (benefit from) income taxes
1,108

 
(5,321
)
 
703

 
635

 
2,306

 
768

 
(5,550
)
 
561

Net income (loss)
$
5,221

 
$
9,118

 
$
12,940

 
$
20,940

 
$
(4,385
)
 
$
11,118

 
$
(4,084
)
 
$
(169
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per share – basic and diluted
$
0.13

 
$
0.23

 
$
0.33

 
$
0.53

 
$
(0.11
)
 
$
0.28

 
$
(0.10
)
 
$
0.00

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding – basic
40,637

 
40,194

 
39,678

 
39,566

 
39,439

 
39,231

 
39,635

 
39,387

Weighted-average common shares outstanding – diluted
40,746

 
40,476

 
39,734

 
39,640

 
39,439

 
39,750

 
39,635

 
39,387