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Condensed Consolidated Statement of Income Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 03, 2015
Sep. 27, 2014
Oct. 03, 2015
Sep. 27, 2014
Product $ 144,603 $ 137,142 $ 439,572 $ 402,868
Royalty 7,972 6,976 23,266 21,988
Total revenue 152,575 144,118 462,838 424,856
Cost of goods sold 50,343 47,894 154,600 143,236
Gross profit 102,232 96,224 308,238 281,620
Selling, general and administrative 59,607 62,064 182,072 179,533
Research and Development Expense 14,485 14,213 42,808 41,552
Litigation award and defense costs 0 (2,321) 0 (10,331)
Operating Expenses 74,092 73,956 224,880 210,754
Operating income 28,140 22,268 83,358 70,866
Nonoperating Income (Expense) (1,050) (566) (2,022) (43)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 27,090 21,702 81,336 70,823
Provision for income taxes 9,161 5,568 24,889 18,246
Net income including noncontrolling interest 17,929 16,134 56,447 52,577
Net loss attributable to noncontrolling interest 1,396 (1,271) 2,752 (1,280)
Net income attributable to Masimo Corporation stockholders 19,325 14,863 59,199 51,297
Foreign currency translation adjustments 112 (1,701) (2,246) (3,411)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 19,437 $ 13,162 $ 56,953 $ 47,886
Basic (in usd per share) $ 0.38 $ 0.28 $ 1.15 $ 0.92
Diluted (in usd per share) $ 0.36 $ 0.27 $ 1.10 $ 0.91
Basic (in shares) 50,974 53,988 51,653 55,521
Diluted (in shares) 53,686 54,618 53,946 56,381