XML 25 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Results Of Operations (Unaudited) [Abstract]  
QUARTERLY RESULTS OF OPERATIONS (Unaudited)

17.  QUARTERLY RESULTS OF OPERATIONS (Unaudited)

The following table sets forth certain unaudited quarterly financial data for the years ended December 31 (in thousands, except per share amounts):

 

                                         
    First     Second     Third     Fourth     Total  

2011:

                                        

Net revenues

   $ 70,455     $ 65,402     $ 58,560     $ 58,551     $ 252,968  

Gross margin

     30,454       27,309       24,440       24,491       106,694  

Consolidated net income

     4,169       3,204       1,175       761       9,309  

Net income attributable to noncontrolling interest

     151       138       93       84       466  

Net income attributable to Vicor Corporation

     4,018       3,066       1,082       677       8,843  

Net income per share attributable to Vicor Corporation:

                                        

Basic and diluted

     0.10       0.07       0.03       0.02       0.21  

 

                                         
    First     Second     Third     Fourth     Total  

2010:

                                        

Net revenues

   $ 51,709     $ 57,377     $ 68,672     $ 72,975     $ 250,733  

Gross margin

     23,324       25,739       32,473       32,984       114,520  

Consolidated net income

     2,005       4,747       15,869       10,918       33,539  

Net income attributable to noncontrolling interest

     53       —       50       111       214  

Net income attributable to Vicor Corporation

     1,952       4,747       15,819       10,807       33,325  

Net income per share attributable to Vicor Corporation:

                                        

Basic and diluted

     0.05       0.11       0.38       0.26       0.80  

In the fourth quarter of 2010, the Company recorded the following adjustments:

 

  •  

Recognition of deferred revenue of $4,729,000 and $4,524,000 in deferred costs in connection with the accounting for a multiple-element revenue arrangement.