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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (Unaudited)

Note 24 Selected Quarterly Financial Data (unaudited)

 

The following tables set forth unaudited selected quarterly financial data:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

Quarter Ended

(in thousands, except per share amounts)

 

December 31

 

September 30

 

June 30

 

March 31

Consolidated revenue

 

$

 183,363 

 

$

 151,574 

 

$

 170,504 

 

$

 160,722 

Gross profit

 

 

 60,160 

 

 

 71,038 

 

 

 81,627 

 

 

 78,984 

Total operating expenses

 

 

 626,081 

 

 

 105,675 

 

 

 105,469 

 

 

 96,508 

Loss from operations (a)

 

 

 (565,921)

 

 

 (34,637)

 

 

 (23,842)

 

 

 (17,524)

Provision (benefit) for income taxes

 

 

 29,535 

 

 

 (3,524)

 

 

 (10,096)

 

 

 (6,943)

Net income attributable to 3D Systems

 

 

 (596,366)

 

 

 (32,249)

 

 

 (13,696)

 

 

 (13,181)

Basic and diluted net loss per share

 

$

 (5.32)

 

$

 (0.29)

 

$

 (0.12)

 

$

 (0.12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

Quarter Ended

(in thousands, except per share amounts)

 

December 31

 

September 30

 

June 30

 

March 31

Consolidated revenue

 

$

 187,438 

 

$

 166,944 

 

$

 151,512 

 

$

 147,758 

Gross profit

 

 

 89,766 

 

 

 79,798 

 

 

 72,398 

 

 

 75,472 

Total operating expenses

 

 

 85,538 

 

 

 71,590 

 

 

 68,036 

 

 

 65,955 

Income from operations

 

 

 4,228 

 

 

 8,208 

 

 

 4,362 

 

 

 9,517 

Provision for income taxes

 

 

 75 

 

 

 1,113 

 

 

 694 

 

 

 3,559 

Net income attributable to 3D Systems

 

 

 1,551 

 

 

 3,084 

 

 

 2,125 

 

 

 4,877 

Basic and diluted net income per share

 

$

 0.01 

 

$

 0.03 

 

$

 0.02 

 

$

 0.05 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

Quarter Ended

(in thousands, except per share amounts)

 

December 31

 

September 30

 

June 30

 

March 31

Consolidated revenue

 

$

 154,817 

 

$

 135,717 

 

$

 120,787 

 

$

 102,079 

Gross profit

 

 

 80,097 

 

 

 71,437 

 

 

 62,583 

 

 

 53,477 

Total operating expenses

 

 

 62,121 

 

 

 42,867 

 

 

 45,787 

 

 

 35,958 

Income from operations

 

 

 17,976 

 

 

 28,570 

 

 

 16,796 

 

 

 17,519 

Provision for income taxes

 

 

 5,248 

 

 

 8,279 

 

 

 4,791 

 

 

 1,569 

Net income attributable to 3D Systems

 

 

 11,224 

 

 

 17,640 

 

 

 9,343 

 

 

 5,883 

Basic and diluted net income per share

 

$

 0.11 

 

$

 0.17 

 

$

 0.10 

 

$

 0.06 

 

(a)

For the quarter ended December 31, 2015, loss from operations includes $443,659 of impairment charges related to goodwill and $93,520 of impairment charges related to other intangible assets. In addition, the Company recognized cash and non-cash charges related to the end of life of the Cube printer and shift from consumer products and services, which totaled $8,771 and $18,619, respectively. See Notes 2, 4, 6 and 7 to the Consolidated Financial Statements.

 

The sum of per share amounts for each of the quarterly periods presented does not necessarily equal the total presented for the year because each quarterly amount is independently calculated at the end of each period based on the net income available to common stockholders for such period and the weighted average shares of outstanding common stock for such period.