| Summary of Quarterly Results of Operations |
The following
table presents a summary of quarterly results of operations for
fiscal 2013 and 2012:
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2013 |
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| |
First
Quarter |
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Second
Quarter |
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Third
Quarter |
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|
Fourth
Quarter |
|
|
Total revenue
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|
$ |
631,362 |
|
|
$ |
612,663 |
|
|
$ |
626,136 |
|
|
$ |
622,118 |
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|
Gross profit
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|
|
281,673 |
|
|
|
279,326 |
|
|
|
309,758 |
|
|
|
290,631 |
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Net income (loss)
(1)
|
|
|
3,118 |
|
|
|
(51,104 |
) |
|
|
(10,950 |
) |
|
|
(1,113,902 |
) |
|
Diluted net income (loss)
per common share
|
|
$ |
0.01 |
|
|
$ |
(0.19 |
) |
|
$ |
(0.04 |
) |
|
$ |
(4.11 |
) |
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2012 |
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| |
First
Quarter |
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Second
Quarter |
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|
Third
Quarter |
|
|
Fourth
Quarter(3) |
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Total revenue
|
|
$ |
472,711 |
|
|
$ |
471,165 |
|
|
$ |
470,228 |
|
|
$ |
588,548 |
|
|
Gross profit
|
|
|
249,370 |
|
|
|
226,110 |
|
|
|
244,640 |
|
|
|
274,317 |
|
|
Net income (loss)
(2)
|
|
|
20,812 |
|
|
|
(40,273 |
) |
|
|
23,594 |
|
|
|
(77,767 |
) |
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Diluted net income (loss)
per common share
|
|
$ |
0.08 |
|
|
$ |
(0.15 |
) |
|
$ |
0.09 |
|
|
$ |
(0.29 |
) |
| (1) |
Net income in the first
quarter of fiscal 2013 includes a gain on the sale of intellectual
property of $53.9 million. Net loss in the second quarter of fiscal
2013 includes restructuring charges of $12.5 million and a debt
extingushment loss of $3.2 million. Net loss in the third quarter
of fiscal 2013 includes restructuring charges of $6.7 million. Net
loss in the fourth quarter of fiscal 2013 includes a goodwill
impairment charge of $1.1 billion, restructuring charges of $9.7
million and a debt extinguishment loss of $6.0 million. |
| (2) |
Net loss in the second
quarter of fiscal 2012 includes a charge for the discontinuance of
the Adiana product line of $18.3 million and the loss on debt
extinguishment of $42.3 million. See Note 5 for further discussion.
Net loss in the fourth quarter of fiscal 2012 includes additional
amortization expense from the Gen-Probe acquisition of $29.7
million, direct acquisition transaction costs of $30.7 million, and
restructuring charges of $16.7 million, a goodwill impairment
charge of $5.8 million and an in-process research and development
charge of $4.5 million. |
| (3) |
The fourth quarter was a
14-week quarter compared to all other quarters which were 13-week
quarters. |
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