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Quarterly Results of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (Unaudited)
Quarterly Results of Operations (Unaudited)
The following table presents certain consolidated statement of operations data for the Company’s eight most recent quarters:
 
Dec 31,
 
Sept 30,
 
June 30,
 
Mar 31,
 
Dec 31,
 
Sept 30,
 
June 30,
 
Mar 31,
 
2017
 
2017
 
2017
 
2017
 
2016
 
2016
 
2016
 
2016
 
(In thousands, except per share data)
Revenues (1)
$
6,896

 
$
11,863

 
$
7,030

 
$
9,224

 
$
9,293

 
$
26,306

 
$
7,864

 
$
13,623

Gross profit
6,857

 
11,802

 
6,976

 
9,181

 
9,235

 
26,255

 
7,805

 
13,600

Operating income (loss)
(12,216
)
 
(5,443
)
 
(14,911
)
 
(12,852
)
 
(11,208
)
 
10,114

 
(9,561
)
 
(4,608
)
Income (loss) from continuing operations before provision for taxes
(12,109
)
 
(5,243
)
 
(14,746
)
 
(12,713
)
 
(11,363
)
 
10,778

 
(9,528
)
 
(4,396
)
Benefit (provision) for income taxes
(185
)
 
(44
)
 
(99
)
 
(152
)
 
(26,785
)
 
(3,760
)
 
3,323

 
1,701

Income (loss) from continuing operations
(12,294
)
 
(5,287
)
 
(14,845
)
 
(12,865
)
 
(38,148
)
 
7,018

 
(6,205
)
 
(2,695
)
Net income from discontinued operations (net of tax)
—

 
—

 
—

 
—

 
—

 
—

 
649

 
—

Net income (loss)
(12,294
)
 
(5,287
)
 
(14,845
)
 
(12,865
)
 
(38,148
)
 
7,018

 
(5,556
)
 
(2,695
)
Basic net income (loss) per share (2)


 


 


 


 


 


 
 
 
 
Continuing operations (2)
$
(0.42
)
 
$
(0.18
)
 
$
(0.51
)
 
$
(0.44
)
 
$
(1.32
)
 
$
0.24

 
$
(0.22
)
 
$
(0.09
)
Discontinued operations (2)
—

 
—

 
—

 
—

 
—

 
—

 
0.02

 
—

Total (2)
(0.42
)
 
(0.18
)
 
(0.51
)
 
(0.44
)
 
(1.32
)
 
0.24

 
(0.20
)
 
(0.09
)
Shares used in calculating basic net income (loss) per share
29,250

 
29,245

 
29,193

 
29,024

 
28,860

 
28,849

 
28,834

 
28,493

Diluted net income (loss) per share (2)


 


 


 


 


 


 
 
 
 
Continuing operations (2)
$
(0.42
)
 
$
(0.18
)
 
$
(0.51
)
 
$
(0.44
)
 
$
(1.32
)
 
$
0.24

 
$
(0.22
)
 
$
(0.09
)
Discontinued operations (2)
—

 
—

 
—

 
—

 
—

 
—

 
0.02

 
—

Total (2)
(0.42
)
 
(0.18
)
 
(0.51
)
 
(0.44
)
 
(1.32
)
 
0.24

 
(0.20
)
 
(0.09
)
Shares used in calculating diluted net income (loss) per share
29,250

 
29,245

 
29,193

 
29,024

 
28,860

 
29,298

 
28,834

 
28,493

(1) Revenue increased significantly in the third quarter of 2016 primarily related to the $19 million received from Samsung in July 2016, in exchange for Product Life Cycle Wind Down Rights.
(2) The quarterly earnings per share information is calculated separately for each period. Therefore, the sum of such quarterly per share amounts may differ from the total for the year.