XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net revenues:        
Products $ 335,156 $ 179,441 $ 774,248 $ 553,818
Services 45,504 29,891 115,954 87,319
Total net revenues 380,660 209,332 890,202 641,137
Cost of revenues:        
Cost of products 183,789 95,710 433,134 294,211
Cost of services 28,486 19,393 74,857 56,853
Total cost of revenues (exclusive of amortization shown separately below) 212,275 115,103 507,991 351,064
Gross profit 168,385 94,229 382,211 290,073
Research and development 32,268 17,217 77,709 51,464
Selling, general and administrative 70,424 33,396 175,803 97,532
Acquisition costs 233   10,932 30
Restructuring   562 24 1,569
Amortization of intangible assets 12,452 1,691 22,990 5,071
Income from operations 53,008 41,363 94,753 134,407
Interest and other (expense) income, net (10,760) 721 (16,332) 2,015
Income before income taxes 42,248 42,084 78,421 136,422
Provision for income taxes 9,699 12,315 19,099 39,647
Net income 32,549 29,769 59,322 96,775
Other comprehensive income:        
Changes in value of financial instruments designated as cash flow hedges, net of tax (expense) benefit [1] (229) 939 (2,104) 2
Foreign currency translation adjustments, net of tax of $0 5,698 (3,623) (536) (6,217)
Unrealized (loss) gain on investments and minimum pension liability adjustment, net of tax (benefit) expense [2] (31) 100 424 16
Total comprehensive income $ 37,987 $ 27,185 $ 57,106 $ 90,576
Net income per share:        
Basic $ 0.61 $ 0.56 $ 1.11 $ 1.82
Diluted 0.60 0.56 1.10 1.81
Cash dividends per common share $ 0.170 $ 0.170 $ 0.510 $ 0.505
Weighted average common shares outstanding:        
Basic 53,574 53,314 53,423 53,304
Diluted 54,315 53,568 53,895 53,562
[1] Tax (benefit) expense was $(117) and $548 for the three months ended September 30, 2016 and 2015, respectively. Tax (benefit) expense was $(1,357) and $20 for the nine months ended September 30, 2016 and 2015, respectively
[2] Tax (benefit) expense was $(15) and $59 for the three months ended September 30, 2016 and 2015, respectively. Tax expense was $274 and $221 for the nine months ended September 30, 2016 and 2015, respectively.