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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 29, 2012
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Oct. 01, 2011
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Sep. 29, 2012
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Oct. 01, 2011
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| Revenue: | ||||
| Product | $ 112,108 | $ 97,639 | $ 339,644 | $ 301,771 |
| Royalty | 6,961 | 6,401 | 21,428 | 24,876 |
| Total revenue | 119,069 | 104,040 | 361,072 | 326,647 |
| Cost of goods sold | 40,736 | 35,601 | 122,002 | 106,125 |
| Gross profit | 78,333 | 68,439 | 239,070 | 220,522 |
| Operating expenses: | ||||
| Selling, general and administrative | 48,260 | 40,134 | 142,381 | 125,275 |
| Research and development | 12,121 | 9,372 | 33,736 | 28,793 |
| Total operating expenses | 60,381 | 49,506 | 176,117 | 154,068 |
| Operating income | 17,952 | 18,933 | 62,953 | 66,454 |
| Non-operating income (expense) | 912 | (240) | (132) | 482 |
| Income before provision for income taxes | 18,864 | 18,693 | 62,821 | 66,936 |
| Provision for income taxes | 5,301 | 3,869 | 15,724 | 17,049 |
| Net income including noncontrolling interest | 13,563 | 14,824 | 47,097 | 49,887 |
| Net (income) loss attributable to the noncontrolling interest | 231 | 5 | 168 | (7) |
| Net income attributable to Masimo Corporation stockholders | 13,794 | 14,829 | 47,265 | 49,880 |
| Other comprehensive income, net of tax: | ||||
| Foreign currency translation adjustments | 1,836 | 202 | 1,779 | 369 |
| Comprehensive income attributable to Masimo Corporation stockholders | $ 15,630 | $ 15,031 | $ 49,044 | $ 50,249 |
| Net income per share attributable to Masimo Corporation stockholders: | ||||
| Basic | $ 0.24 | $ 0.25 | $ 0.82 | $ 0.83 |
| Diluted | $ 0.24 | $ 0.24 | $ 0.81 | $ 0.82 |
| Weighted average shares used in per share calculations: | ||||
| Basic | 57,201 | 59,971 | 57,507 | 59,804 |
| Diluted | 58,145 | 61,086 | 58,454 | 61,082 |
| X | ||||||||||
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- Definition
Total revenue from both the sale of goods during the reporting period as well as royalties earned during the period, excluding royalty revenue based on a third party settlement agreement, reduced by sales returns and allowances, and sales discounts. No definition available.
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- Definition
Royalty revenue earned during the period from a third party resulting from a settlement agreement. No definition available.
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Details
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- Definition
Net of tax and reclassification adjustments of the change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency of the reporting entity. Also includes the following: gain (loss) on foreign currency forward exchange contracts; foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; and gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) that has been designated and qualified as a hedging instrument for hedging of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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