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Quarterly Financial Data (unaudited)

12 Months Ended

Jan. 02, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Quarterly Financial Data (unaudited)

The healthcare business in the United States and overseas is typically subject to quarterly fluctuations in hospital and other alternative care admissions. Although this did not occur during fiscal year 2015, the Company’s third fiscal quarter revenues have historically experienced a sequential decline from its second fiscal quarter revenues. The Company believes this is primarily due to the summer vacation season during which people tend to avoid elective procedures. Another factor affecting the seasonality of the Company’s quarterly revenues is the traditional “flu season” that often increases hospital and acute care facility admissions in the first and fourth calendar quarters. Because the Company’s non-sales variable operating expenses often do not fluctuate in the same manner as its quarterly product sales, this may cause fluctuations in the Company’s quarterly operating income that are disproportionate to fluctuations in its quarterly revenue.

The following tables contain selected unaudited consolidated statements of operations data for each quarter of 2015 and 2014 (in thousands, except per share data):

	Quarters Ended
Fiscal 2015	April 4, 2015				July 4, 2015				October 3, 2015				January 2, 2016
Total revenue	$	154,537			$	155,726			$	152,575			$	167,273
Gross profit	103,105				102,901				102,232				101,745
Operating income	27,377				27,841				28,140				36,892
Net income attributable to Masimo Corporation stockholders	20,523				19,351				19,325				24,101
Net income per share attributable to Masimo Corporation stockholders:
Basic	$	0.39			$	0.38			$	0.38			$	0.48
Diluted	$	0.38			$	0.36			$	0.36			$	0.46

	Quarters Ended
Fiscal 2014	March 29, 2014				June 28, 2014				September 27, 2014				January 3, 2015
Total revenue	$	139,814			$	140,923			$	144,118			$	161,788
Gross profit	92,301				93,095				96,224				109,159
Operating income	30,193				18,405				22,268				32,647
Net income attributable to Masimo Corporation stockholders	22,632				13,802				14,863				21,221
Net income per share attributable to Masimo Corporation stockholders:
Basic	$	0.40			$	0.25			$	0.28			$	0.40
Diluted	$	0.39			$	0.24			$	0.27			$	0.40

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- References

No definition available.

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- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)-(j)
-URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section G
-Subsection 1

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 302
-Paragraph a

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