Quarterly Results Of Operations

12 Months Ended

Sep. 30, 2014

Quarterly Results of Operations (Unaudited)

The following presents the Company’s unaudited quarterly results of operations for the eight quarters ended September 30, 2014. The information should be read in conjunction with the Company’s financial statements and related notes included elsewhere in this report. This unaudited information has been prepared on the same basis as the audited financial statements and includes all adjustments, consisting only of normal recurring adjustments that were considered necessary for a fair statement of the Company’s operating results for the quarters presented.



	Three Months Ended
	Sept. 30, 2014		June 30, 2014		March 31, 2014		Dec. 31, 2013		Sept. 30, 2013		June 30, 2013		March 31, 2013		Dec. 31, 2012
	(Unaudited and in thousands, except per share data)
Net revenues
Products	$	255,461	$	236,933	$	225,135	$	218,601	$	212,291	$	196,746	$	185,107	$	204,712
Services	209,805		203,352		194,908		187,851		183,038		173,556		165,125		160,739
Total	465,266		440,285		420,043		406,452		395,329		370,302		350,232		365,451
Cost of net revenues
Products	43,351		40,387		37,806		37,244		35,151		32,350		29,773		31,792
Services	38,601		39,075		37,856		35,639		31,792		32,567		30,529		29,093
Total	81,952		79,462		75,662		72,883		66,943		64,917		60,302		60,885
Gross profit	383,314		360,823		344,381		333,569		328,386		305,385		289,930		304,566
Operating expenses
Sales and marketing	143,284		139,945		140,252		134,803		119,836		121,906		119,031		122,268
Research and development	65,401		67,026		67,232		64,133		54,464		54,075		52,534		48,541
General and administrative	27,148		27,773		26,033		25,500		26,512		25,327		25,889		24,673
Loss on facility sublease	—		—		—		—		2,393		—		—		—
Total operating expenses	235,833		234,744		233,517		224,436		203,205		201,308		197,454		195,482
Income from operations	147,481		126,079		110,864		109,133		125,181		104,077		92,476		109,084
Other income, net	2,323		1,193		23		246		732		2,874		2,118		1,550
Income before income taxes	149,804		127,272		110,887		109,379		125,913		106,951		94,594		110,634
Provision for income taxes	55,783		47,799		41,246		41,331		49,682		38,773		31,182		41,141
Net income	$	94,021	$	79,473	$	69,641	$	68,048	$	76,231	$	68,178	$	63,412	$	69,493
Net income per share — basic	$	1.27	$	1.06	$	0.92	$	0.88	$	0.97	$	0.87	$	0.81	$	0.88
Weighted average shares — basic	73,817		74,812		75,508		77,438		78,353		78,516		78,601		78,789
Net income per share — diluted	$	1.26	$	1.05	$	0.91	$	0.87	$	0.97	$	0.86	$	0.80	$	0.88
Weighted average shares — diluted	74,366		75,369		76,244		77,822		78,674		78,864		79,114		79,278

- 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.

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