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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net revenues:        
Products $ 285,471 $ 188,281 $ 439,092 $ 374,377
Services 40,390 29,685 70,450 57,428
Total net revenues 325,861 217,966 509,542 431,805
Cost of revenues:        
Cost of products 163,993 99,849 249,345 198,501
Cost of services 25,955 19,319 46,371 37,460
Total cost of revenues (exclusive of amortization shown separately below) 189,948 119,168 295,716 235,961
Gross profit 135,913 98,798 213,826 195,844
Research and development 28,214 17,567 45,441 34,247
Selling, general and administrative 71,429 33,269 105,379 64,136
Acquisition costs 8,205   10,699 30
Restructuring 24 219 24 1,007
Amortization of intangible assets 8,855 1,709 10,538 3,380
Income from operations 19,186 46,034 41,745 93,044
Interest and other (expense) income, net (6,818) 790 (5,572) 1,294
Income before income taxes 12,368 46,824 36,173 94,338
Provision for income taxes 3,158 13,604 9,400 27,332
Net income 9,210 33,220 26,773 67,006
Other comprehensive income:        
Changes in value of financial instruments designated as cash flow hedges, net of tax benefit [1] (319) (332) (1,865) (1,078)
Foreign currency translation adjustments, net of tax of $0 (8,886) 612 (6,233) (2,594)
Unrealized gain (loss) on investments and minimum pension liability adjustment, net of tax expense (benefit) [2] 68 (202) 445 57
Total comprehensive income $ 73 $ 33,298 $ 19,120 $ 63,391
Net income per share:        
Basic $ 0.17 $ 0.62 $ 0.50 $ 1.26
Diluted 0.17 0.62 0.50 1.25
Cash dividends per common share $ 0.170 $ 0.170 $ 0.340 $ 0.335
Weighted average common shares outstanding:        
Basic 53,461 53,384 53,348 53,299
Diluted 53,806 53,589 53,685 53,559
[1] Tax (benefit) was $(209) and $(178) for the three months ended June 30, 2016 and 2015, respectively. Tax (benefit) was $(1,250) and $(387) for the six months ended June 30, 2016 and 2015, respectively.
[2] Tax expense (benefit) was $44 and $(108) for the three months ended June 30, 2016 and 2015, respectively. Tax expense was $299 and $21 for the six months ended June 30, 2016 and 2015, respectively.