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Quarterly Consolidated Financial Data (unaudited) | 12 Months Ended
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Dec. 31, 2019
Quarterly Consolidated Financial Data Unaudited [Abstract] |
Quarterly Consolidated Financial Data (unaudited) |
19. | Quarterly Consolidated Financial Data (unaudited):
The following tables present certain unaudited consolidated quarterly financial information for the years ended December 31, 2019 and 2018. In the opinion of the Company’s management, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period. Year-over-year quarterly comparisons of the Company’s results of operations may not be meaningful, as the sequential quarterly comparisons set forth below tend to reflect the cyclical activity of the semiconductor industry as a whole. Other quarterly fluctuations in expenses are related directly to sales activity and volume and may also reflect the timing of operating expenses incurred throughout the year, and changes in tax rates.
|  | Quarters Ended |  |  |  |  |
|  | March 31, 2019 |  |  | June 30, 2019 |  |  | September 30, 2019 |  |  | December 31, 2019 |  |  | Total |
Revenue |  | $ | 60,892 |  |  | $ | 61,511 |  |  | $ | 62,935 |  |  | $ | 120,558 |  |  | $ | 305,896 |
Gross profit |  |  | 32,019 |  |  |  | 31,911 |  |  |  | 31,511 |  |  |  | 39,587 |  |  | $ | 135,028 |
Income (loss) before income taxes |  |  | 8,795 |  |  |  | 6,121 |  |  |  | 6,908 |  |  |  | (22,421 | ) |  | $ | (597 | )
Net income (loss) |  |  | 7,576 |  |  |  | 5,526 |  |  |  | 6,560 |  |  |  | (17,752 | ) |  | $ | 1,910 |
Income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.31 |  |  | $ | 0.22 |  |  | $ | 0.26 |  |  | $ | (0.41 | ) |  | $ | 0.06 |
Diluted |  | $ | 0.30 |  |  | $ | 0.22 |  |  | $ | 0.26 |  |  | $ | (0.41 | ) |  | $ | 0.06 |
Weighted average number of shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 24,863 |  |  |  | 25,032 |  |  |  | 25,079 |  |  |  | 43,609 |  |  |  | 29,729 |
Diluted |  |  | 25,144 |  |  |  | 25,250 |  |  |  | 25,305 |  |  |  | 43,609 |  |  |  | 30,007 |
|  | Quarters Ended |  |  |  |  |
|  | March 31, 2018 |  |  | June 30, 2018 |  |  | September 30, 2018 |  |  | December 31, 2018 |  |  | Total |
Revenue |  | $ | 73,096 |  |  | $ | 77,476 |  |  | $ | 60,432 |  |  | $ | 62,780 |  |  | $ | 273,784 |
Gross profit |  |  | 42,421 |  |  |  | 41,736 |  |  |  | 31,454 |  |  |  | 32,668 |  |  |  | 148,279 |
Income before income taxes |  |  | 17,674 |  |  |  | 17,290 |  |  |  | 8,368 |  |  |  | 10,014 |  |  |  | 53,346 |
Net income |  |  | 15,130 |  |  |  | 14,697 |  |  |  | 7,187 |  |  |  | 8,082 |  |  |  | 45,096 |
Income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.59 |  |  | $ | 0.57 |  |  | $ | 0.28 |  |  | $ | 0.32 |  |  | $ | 1.77 |
Diluted |  | $ | 0.58 |  |  | $ | 0.56 |  |  | $ | 0.28 |  |  | $ | 0.32 |  |  | $ | 1.74 |
Weighted average number of shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 25,463 |  |  |  | 25,621 |  |  |  | 25,655 |  |  |  | 25,146 |  |  |  | 25,470 |
Diluted |  |  | 25,989 |  |  |  | 26,086 |  |  |  | 26,063 |  |  |  | 25,449 |  |  |  | 25,895 |

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- Definition Quarterly Consolidated Financial Data (unaudited) [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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