XML 65 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net revenues:        
Products $ 188,281 $ 157,466 $ 374,377 $ 338,652
Services 29,685 27,231 57,428 52,398
Total net revenues 217,966 184,697 431,805 391,050
Cost of revenues:        
Cost of products 99,849 87,513 198,501 187,724
Cost of services 19,319 17,549 37,460 34,319
Total cost of revenues (exclusive of amortization shown separately below) 119,168 105,062 235,961 222,043
Gross profit 98,798 79,635 195,844 169,007
Research and development 17,567 15,421 34,247 31,039
Selling, general and administrative 33,269 32,239 64,136 66,830
Acquisition costs   271 30 499
Restructuring 219   1,007 747
Amortization of intangible assets 1,709 1,044 3,380 1,454
Income from operations 46,034 30,660 93,044 68,438
Interest income 828 243 1,369 495
Interest expense 38 12 75 29
Income before income taxes 46,824 30,891 94,338 68,904
Provision for income taxes 13,604 9,667 27,332 16,435
Net income 33,220 21,224 67,006 52,469
Other comprehensive (loss) income:        
Changes in value of financial instruments designated as cash flow hedges, net of tax benefit [1] (332) (682) (1,078) (845)
Foreign currency translation adjustments, net of tax of $0 612 1,973 (2,594) 1,994
Unrealized gain on investments, net of tax (benefit) expense [2] (202) 7 57 43
Total comprehensive income $ 33,298 $ 22,522 $ 63,391 $ 53,661
Net income per share:        
Basic $ 0.62 $ 0.40 $ 1.26 $ 0.98
Diluted 0.62 0.40 1.25 0.98
Cash dividends per common share $ 0.170 $ 0.165 $ 0.335 $ 0.325
Weighted average common shares outstanding:        
Basic 53,384 53,361 53,299 53,386
Diluted 53,589 53,537 53,559 53,657
[1] Tax (benefit) was $(178) and $(428) for the three months ended June 30, 2015 and 2014, respectively. Tax (benefit) was $(387) and $(536) for the six months ended June 30, 2015 and 2014, respectively.
[2] Tax (benefit) expense was $(108) and $4 for the three months ended June 30, 2015 and 2014, respectively. Tax expense was $21 and $28 for the six months ended June 30, 2015 and 2014, respectively.