XML 65 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 160,467 $ 147,780 $ 440,723 $ 423,940
Cost of sales 117,658 102,665 320,225 298,721
Gross profit 42,809 45,115 120,498 125,219
Research and development expenses 4,134 4,210 12,664 12,606
Selling, general and administrative expenses 29,642 27,120 82,298 81,164
Operating income 9,033 13,785 25,536 31,449
Interest income (expense), net (16) 66 198 (21)
Other income (expense), net (558) (655) (272) (1,338)
Income before provision for income taxes 8,459 13,196 25,462 30,090
Provision for income taxes 2,185 2,325 5,624 6,458
Net income 6,274 10,871 19,838 23,632
Net income attributable to noncontrolling interest 3 0 3 0
Net income attributable to Universal Electronics Inc. $ 6,271 $ 10,871 $ 19,835 $ 23,632
Earnings per share attributable to Universal Electronics Inc.:        
Basic (in dollars per share) $ 0.42 $ 0.69 $ 1.28 $ 1.50
Diluted (in dollars per share) $ 0.41 $ 0.68 $ 1.25 $ 1.46
Shares used in computing earnings per share:        
Basic (in shares) 14,966 15,723 15,535 15,764
Diluted (in shares) 15,230 16,103 15,834 16,135