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Quarterly Results of Operations (Unaudited)
 12 Months Ended
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.