XML 87 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net revenues:        
Products $ 19,775 $ 18,889 [1] $ 36,665 $ 36,390 [1]
Services 3,820 4,967 [1] 7,994 8,672 [1]
Total net revenues 23,595 23,856 [1] 44,659 45,062 [1]
Cost of revenues:        
Products 12,313 11,309 [1] 22,656 21,755 [1]
Services 2,105 2,947 [1] 4,655 4,969 [1]
Total cost of revenues 14,418 14,256 [1] 27,311 26,724 [1]
Gross profit 9,177 9,600 [1] 17,348 18,338 [1]
Operating expenses:        
Research and development 2,226 2,384 [1] 4,236 4,875 [1]
Selling and marketing 5,772 6,530 [1] 11,491 13,538 [1]
General and administrative 3,881 4,410 [1] 8,485 9,934 [1]
Impairment of long-lived assets   23,915 [1]   23,915 [1]
Impairment of goodwill   21,450 [1]   21,450 [1]
Re-measurement of contingent consideration   (6,086) [1]   (5,657) [1]
Restructuring   278 [1]   278 [1]
Total operating expenses 11,879 52,881 [1] 24,212 68,333 [1]
Loss from operations (2,702) (43,281) [1] (6,864) (49,995) [1]
Other expense   (158) [1]   (158) [1]
Interest expense, net (770) (353) [1] (1,457) (644) [1]
Foreign currency gain (loss), net 373 (299) [1] 152 (79) [1]
Loss before income taxes and noncontrolling interest (3,099) (44,091) [1] (8,169) (50,876) [1]
Income tax (provision) benefit (7) 5,251 [1] 107 5,430 [1]
Consolidated net loss (3,106) (38,840) [1],[2] (8,062) (45,446) [1],[2]
Less: Loss attributable to noncontrolling interest 211 2,469 [1] 386 2,846 [1]
Net loss attributable to Identive Group, Inc. stockholders’ equity $ (2,895) $ (36,371) [1] $ (7,676) $ (42,600) [1]
Basic and diluted net loss per share attributable to Identive Group, Inc. stockholders’ equity $ (0.05) $ (0.61) [1] $ (0.13) $ (0.72) [1]
Weighted average shares used to compute basic and diluted loss per share 62,248 59,686 [1] 61,246 59,143 [1]
[1] Certain amounts shown in the table above have changed as compared to amounts reported in prior periods as noted in Item 1, Financial Statements, Note 1 of Notes to Condensed Consolidated Financial Statements, Reclassifications and Restatements, for more details.
[2] Certain amounts shown in the table above have changed as compared to amounts reported in prior periods as noted in Item 1, Financial Statements, Note 1 of Notes to Condensed Consolidated Financial Statements, Reclassifications and Restatements, for more details.