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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [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 |
2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 41,946 |  |  | $ | 46,865 |  |  | $ | 55,091 |  |  | $ | 55,258 |  |  | $ | 199,160 |
Gross margin |  |  | 16,607 |  |  |  | 18,461 |  |  |  | 22,980 |  |  |  | 23,431 |  |  |  | 81,479 |
Consolidated net loss |  |  | (4,986 | ) |  |  | (4,600 | ) |  |  | (898 | ) |  |  | (13,020 | ) |  |  | (23,504 | )
Net income attributable to noncontrolling interest |  |  | 4 |  |  |  | 16 |  |  |  | 34 |  |  |  | 82 |  |  |  | 136 |
Net loss attributable to Vicor Corporation |  |  | (4,990 | ) |  |  | (4,616 | ) |  |  | (932 | ) |  |  | (13,102 | ) |  |  | (23,640 | )
Net loss per share attributable to Vicor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | (0.12 | ) |  |  | (0.12 | ) |  |  | (0.02 | ) |  |  | (0.34 | ) |  |  | (0.60 | )
|  | First |  |  | Second |  |  | Third |  |  | Fourth |  |  | Total |
2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 59,668 |  |  | $ | 55,467 |  |  | $ | 52,948 |  |  | $ | 50,424 |  |  | $ | 218,507 |
Gross margin |  |  | 24,467 |  |  |  | 24,106 |  |  |  | 22,953 |  |  |  | 20,125 |  |  |  | 91,651 |
Consolidated net income |  |  | 341 |  |  |  | 244 |  |  |  | 280 |  |  |  | (4,663 | ) |  |  | (3,798 | )
Net income attributable to noncontrolling interest |  |  | 15 |  |  |  | 24 |  |  |  | 89 |  |  |  | 151 |  |  |  | 279 |
Net income attributable to Vicor Corporation |  |  | 326 |  |  |  | 220 |  |  |  | 191 |  |  |  | (4,814 | ) |  |  | (4,077 | )
Net income per share attributable to Vicor Corporation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 0.01 |  |  |  | 0.01 |  |  |  | — |  |  |  | (0.12 | ) |  |  | (0.10 | )
In the fourth quarter of 2013, the Company recorded the following adjustments:
| • |  | An increase of $10,132,000 to the income tax valuation allowance against deferred tax assets (See Note 14).
In the fourth quarter of 2012, the Company recorded the following adjustments:
| • |  | An impairment of goodwill of $2,012,000 based on the Company’s annual assessment of the carrying value related to VJCL.
| • |  | A gain from litigation-related settlement of $1,975,000 resulting from the contemporaneous settlement agreement between the Company and its insurance carriers.
| • |  | An increase of $1,489,000 to the income tax valuation allowance against certain deferred tax assets.
| • |  | An increase of approximately $1,400,000 to inventory reserves for potential excess and obsolete inventory charged against cost of revenues.

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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=6372559&loc=d3e765-108305 Reference 2: 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=6372559&loc=d3e725-108305 Reference 3: 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=25249566&loc=d3e1280-108306 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 + Details
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