XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales      
Products $ 141,138 $ 160,688 $ 285,493
Services 23,301 26,040 35,083
Total net sales 164,439 186,728 320,576
Cost of net sales      
Products 99,888 95,854 178,463
Services 24,331 22,716 27,779
Gross profit 40,220 68,158 114,334
Operating expenses:      
Selling, general and administrative 37,626 52,457 63,857
Research and development 14,520 28,131 30,123
Amortization of intangible assets 0 516 1,239
Restructuring   358 2,386
Net loss (gain) on divestitures 1,307 16,239 (4,546)
Total operating expenses 53,453 97,701 93,059
Operating income (loss) (13,233) (29,543) 21,275
Interest income 511 2,612 2,313
Interest expense (151) (240) (252)
Other income (expense), net 11,480 (2,973) (8,165)
Equity pick up of losses of an associate (9,586)    
Investment Impairment (9,400) (3,043) (476)
Income (loss) before income taxes (20,379) (33,187) 14,695
Income tax expense (2,351) (2,392) (2,918)
Net income (loss) (22,730) (35,579) 11,777
Net loss attributable to noncontrolling interests 9 1,194 1,610
Net income (loss) attributable to UTStarcom Holdings Corp. (22,721) (34,385) 13,387
Net income (loss) per share attributable to UTStarcom Holdings Corp.-Basic(1) (in dollars per share) $ (0.58) $ (0.71) $ 0.26
Net income (loss) per share attributable to UTStarcom Holdings Corp.-Diluted(1) (in dollars per share) $ (0.58) $ (0.71) $ 0.26
Weighted average shares outstanding-Basic (in shares) 39,127 48,513 51,491
Weighted average shares outstanding-Diluted (in shares) 39,127 48,513 51,641
Other comprehensive (loss) Income, net of tax      
Foreign currency translation adjustment (13,759) (3,272) 13,470
Other comprehensive (loss) Income, net of tax (13,759) (3,272) 13,470
Comprehensive income (loss) (36,489) (38,851) 25,247
Comprehensive loss attributable to noncontrolling interests 9 1,194 1,610
Comprehensive income (loss) attributable to UTStarcom Holding Corp. $ (36,480) $ (37,657) $ 26,857