Delaware | 001-34777 | 52-2130962 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c)) |
Exhibit | ||
Number | Description | |
99.1 | Press release dated February 29, 2016 |
BROADSOFT, INC. | ||||||||
Date: | February 29, 2016 | By: | /s/ James A. Tholen | |||||
Name: | James A. Tholen | |||||||
Title: | Chief Financial Officer |
• | Total revenue increased 36% year-over-year to $89.6 million |
• | GAAP gross profit equaled 78% of total revenue; non-GAAP gross profit equaled 82% of total revenue |
• | GAAP income from operations totaled $20.6 million or 23% of revenue; non-GAAP income from operations totaled $32.1 million or 36% of revenue |
• | GAAP diluted earnings per share equaled $0.39 per common share; non-GAAP diluted earnings per share equaled $1.04 per common share |
December 31, 2015 | December 31, 2014 | ||||||
(Unaudited) | |||||||
Assets: | |||||||
Current assets: | |||||||
Cash and cash equivalents | $ | 175,857 | $ | 101,543 | |||
Short-term investments | 72,531 | 68,923 | |||||
Accounts receivable, net of allowance for doubtful accounts of $85 and $286 at December 31, 2015 and December 31, 2014, respectively | 108,113 | 81,794 | |||||
Other current assets | 13,155 | 12,272 | |||||
Total current assets | 369,656 | 264,532 | |||||
Long-term assets: | |||||||
Property and equipment, net | 19,481 | 14,363 | |||||
Long-term investments | 102,385 | 52,030 | |||||
Intangible assets, net | 18,835 | 15,568 | |||||
Goodwill | 72,275 | 65,303 | |||||
Deferred tax assets | 1,661 | 17,074 | |||||
Other long-term assets | 8,081 | 7,281 | |||||
Total long-term assets | 222,718 | 171,619 | |||||
Total assets | $ | 592,374 | $ | 436,151 | |||
Liabilities and stockholders’ equity: | |||||||
Current liabilities: | |||||||
Accounts payable and accrued expenses | $ | 28,667 | $ | 20,787 | |||
Deferred revenue, current portion | 106,483 | 87,423 | |||||
Total current liabilities | 135,150 | 108,210 | |||||
Convertible senior notes | 188,331 | 95,628 | |||||
Deferred revenue | 4,571 | 14,033 | |||||
Other long-term liabilities | 7,289 | 5,319 | |||||
Total liabilities | 335,341 | 223,190 | |||||
Commitments and contingencies | |||||||
Stockholders’ equity: | |||||||
Preferred stock, $0.01 par value per share; 5,000,000 shares authorized at December 31, 2015 and December 31, 2014; no shares issued and outstanding at December 31, 2015 and December 31, 2014 | — | — | |||||
Common stock, par value $0.01 per share; 100,000,000 shares authorized at December 31, 2015 and December 31, 2014; 29,080,197 and 28,943,336 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively | 291 | 290 | |||||
Additional paid-in capital | 333,153 | 258,169 | |||||
Accumulated other comprehensive loss | (13,810 | ) | (7,712 | ) | |||
Accumulated deficit | (62,601 | ) | (37,786 | ) | |||
Total stockholders’ equity | 257,033 | 212,961 | |||||
Total liabilities and stockholders’ equity | $ | 592,374 | $ | 436,151 |
Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||
Revenue: | |||||||||||||||
License software | $ | 35,438 | $ | 34,841 | $ | 119,808 | $ | 103,311 | |||||||
Subscription and maintenance support | 30,573 | 25,192 | 112,836 | 92,492 | |||||||||||
Professional services and other | 23,580 | 5,793 | 46,199 | 21,054 | |||||||||||
Total revenue | 89,591 | 65,826 | 278,843 | 216,857 | |||||||||||
Cost of revenue: | |||||||||||||||
License software | 2,247 | 2,577 | 10,231 | 9,755 | |||||||||||
Subscription and maintenance support | 9,644 | 8,790 | 38,602 | 32,984 | |||||||||||
Professional services and other | 7,976 | 3,424 | 28,925 | 14,955 | |||||||||||
Total cost of revenue | 19,867 | 14,791 | 77,758 | 57,694 | |||||||||||
Gross profit | 69,724 | 51,035 | 201,085 | 159,163 | |||||||||||
Operating expenses: | |||||||||||||||
Sales and marketing | 23,955 | 18,967 | 83,806 | 69,471 | |||||||||||
Research and development | 15,225 | 12,941 | 60,749 | 50,125 | |||||||||||
General and administrative | 9,920 | 7,867 | 41,287 | 32,993 | |||||||||||
Total operating expenses | 49,100 | 39,775 | 185,842 | 152,589 | |||||||||||
Income from operations | 20,624 | 11,260 | 15,243 | 6,574 | |||||||||||
Other expense: | |||||||||||||||
Interest expense, net | 3,341 | 1,797 | 9,386 | 7,177 | |||||||||||
Other, net | 402 | 562 | 5,714 | 1,300 | |||||||||||
Total other expense, net | 3,743 | 2,359 | 15,100 | 8,477 | |||||||||||
Income (loss) before income taxes | 16,881 | 8,901 | 143 | (1,903 | ) | ||||||||||
Provision for (benefit from) income taxes | 5,258 | 1,214 | (36 | ) | (2,199 | ) | |||||||||
Net income | $ | 11,623 | $ | 7,687 | $ | 179 | $ | 296 | |||||||
Net income per common share: | |||||||||||||||
Basic | $ | 0.40 | $ | 0.27 | $ | 0.01 | $ | 0.01 | |||||||
Diluted | $ | 0.39 | $ | 0.26 | $ | 0.01 | $ | 0.01 | |||||||
Weighted average common shares outstanding: | |||||||||||||||
Basic | 28,906 | 28,853 | 29,113 | 28,654 | |||||||||||
Diluted | 29,462 | 29,272 | 29,818 | 29,365 | |||||||||||
Stock-based compensation expense included above: | |||||||||||||||
Cost of revenue | $ | 1,940 | $ | 1,127 | $ | 7,227 | $ | 3,862 | |||||||
Sales and marketing | 3,773 | 2,407 | 13,821 | 9,856 | |||||||||||
Research and development | 2,911 | 2,666 | 11,844 | 10,164 | |||||||||||
General and administrative | 1,433 | 1,049 | 7,552 | 6,391 |
Year ended December 31, | |||||||||||
2015 | 2014 | 2013 | |||||||||
(Unaudited) | |||||||||||
Cash provided by (used in): | |||||||||||
Operating activities | $ | 44,786 | $ | 54,759 | $ | 31,934 | |||||
Investing activities | (88,011 | ) | (17,558 | ) | (57,406 | ) | |||||
Financing activities | 118,918 | (4,135 | ) | 4,831 |
Three Months Ended December 31, | Year ended December 31, | ||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2013 | |||||||||||||||
(in thousands) | |||||||||||||||||||
Beginning of period deferred revenue balance | $ | 109,678 | $ | 82,848 | $ | 101,456 | $ | 77,662 | $ | 61,149 | |||||||||
End of period deferred revenue balance | 111,054 | 101,456 | 111,054 | 101,456 | 77,662 | ||||||||||||||
Increase in deferred revenue | 1,376 | 18,608 | 9,598 | 23,794 | 16,513 | ||||||||||||||
Revenue | 89,591 | 65,826 | 278,843 | 216,857 | 178,493 | ||||||||||||||
Revenue plus net change in deferred revenue | 90,967 | 84,434 | 288,441 | 240,651 | 195,006 |
Three Months Ended December 31, | Year ended December 31, | ||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2013 | |||||||||||||||
(in thousands) | |||||||||||||||||||
Beginning of period deferred license software revenue balance | $ | 32,282 | $ | 24,179 | $ | 26,495 | $ | 20,149 | $ | 18,375 | |||||||||
End of period deferred license software revenue balance | 33,200 | 26,495 | 33,200 | 26,495 | 20,149 | ||||||||||||||
Increase (decrease) in deferred license software revenue | 918 | 2,316 | 6,705 | 6,346 | 1,774 | ||||||||||||||
License software revenue | 35,438 | 34,841 | 119,808 | 103,311 | 94,408 | ||||||||||||||
License software revenue plus net change in deferred license software revenue | $ | 36,356 | $ | 37,157 | $ | 126,513 | $ | 109,657 | $ | 96,182 |
Three Months Ended December 31, | Year ended December 31, | ||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2013 | |||||||||||||||
(in thousands) | |||||||||||||||||||
Beginning of period deferred subscription and maintenance support revenue balance | $ | 49,598 | $ | 42,978 | $ | 52,764 | $ | 46,975 | $ | 35,701 | |||||||||
End of period deferred subscription and maintenance support revenue balance | 61,399 | 52,764 | 61,399 | 52,764 | 46,975 | ||||||||||||||
Increase in deferred subscription and maintenance support revenue | 11,801 | 9,786 | 8,635 | 5,789 | 11,274 | ||||||||||||||
Subscription and maintenance support revenue | 30,573 | 25,192 | 112,836 | 92,492 | 69,357 | ||||||||||||||
Subscription and maintenance support revenue plus net change in deferred subscription and maintenance support revenue | 42,374 | 34,978 | 121,471 | 98,281 | 80,631 |
Three Months Ended December 31, | Year ended December 31, | ||||||||||||||||||
2015 | 2014 | 2015 | 2014 | 2013 | |||||||||||||||
(in thousands) | |||||||||||||||||||
Beginning of period deferred professional services and other revenue balance | $ | 27,798 | $ | 15,691 | $ | 22,197 | $ | 10,538 | $ | 7,073 | |||||||||
End of period deferred professional services and other revenue balance | 16,455 | 22,197 | 16,455 | 22,197 | 10,538 | ||||||||||||||
Increase (decrease) in deferred professional services and other revenue | (11,343 | ) | 6,506 | (5,742 | ) | 11,659 | 3,465 | ||||||||||||
Professional services and other revenue | 23,580 | 5,793 | 46,199 | 21,054 | 14,728 | ||||||||||||||
Professional services and other revenue plus net change in deferred professional services and other revenue | $ | 12,237 | $ | 12,299 | $ | 40,457 | $ | 32,713 | $ | 18,193 |
Three Months Ended December 31, | Three Months Ended September 30, | Year Ended December 31, | |||||||||||||||||
2015 | 2014 | 2015 | 2015 | 2014 | |||||||||||||||
(in thousands) | |||||||||||||||||||
Non-GAAP cost of revenue: | |||||||||||||||||||
GAAP license cost of revenue | $ | 2,247 | $ | 2,577 | $ | 2,444 | $ | 10,231 | $ | 9,755 | |||||||||
(percent of related revenue) | 6 | % | 7 | % | 8 | % | 9 | % | 9 | % | |||||||||
Less: | |||||||||||||||||||
Stock-based compensation expense | 246 | 170 | 234 | 1,017 | 738 | ||||||||||||||
Amortization of acquired intangible assets | 421 | 196 | 430 | 1,718 | 871 | ||||||||||||||
Non-GAAP license cost of revenue | $ | 1,580 | $ | 2,211 | $ | 1,780 | $ | 7,496 | $ | 8,146 | |||||||||
(percent of related revenue) | 4 | % | 6 | % | 6 | % | 6 | % | 8 | % | |||||||||
GAAP subscription and maintenance support cost of revenue | $ | 9,644 | $ | 8,790 | $ | 9,784 | $ | 38,602 | $ | 32,984 | |||||||||
(percent of related revenue) | 32 | % | 35 | % | 33 | % | 34 | % | 36 | % | |||||||||
Less: | |||||||||||||||||||
Stock-based compensation expense | 677 | 750 | 607 | 3,006 | 2,287 | ||||||||||||||
Amortization of acquired intangible assets | 855 | 1,040 | 1,010 | 3,977 | 4,520 | ||||||||||||||
Non-GAAP subscription and maintenance support cost of revenue | $ | 8,112 | $ | 7,000 | $ | 8,167 | $ | 31,619 | $ | 26,177 | |||||||||
(percent of related revenue) | 27 | % | 28 | % | 27 | % | 28 | % | 28 | % | |||||||||
GAAP professional services and other cost of revenue | $ | 7,976 | $ | 3,424 | $ | 9,418 | $ | 28,925 | $ | 14,955 | |||||||||
(percent of related revenue) | 34 | % | 59 | % | 119 | % | 63 | % | 71 | % | |||||||||
Less: | |||||||||||||||||||
Stock-based compensation expense | 1,017 | 207 | 1,060 | 3,204 | 837 | ||||||||||||||
Amortization of acquired intangible assets | 175 | — | 175 | 408 | — | ||||||||||||||
Non-GAAP professional services and other cost of revenue | $ | 6,784 | $ | 3,217 | $ | 8,183 | $ | 25,313 | $ | 14,118 | |||||||||
(percent of related revenue) | 29 | % | 56 | % | 103 | % | 55 | % | 67 | % |
Three Months Ended December 31, | Three Months Ended September 30, | Year Ended December 31, | |||||||||||||||||
2015 | 2014 | 2015 | 2015 | 2014 | |||||||||||||||
(in thousands) | |||||||||||||||||||
Non-GAAP gross profit: | |||||||||||||||||||
GAAP gross profit | $ | 69,724 | $ | 51,035 | $ | 47,451 | $ | 201,085 | $ | 159,163 | |||||||||
(percent of total revenue) | 78 | % | 78 | % | 69 | % | 72 | % | 73 | % | |||||||||
Plus: | |||||||||||||||||||
Stock-based compensation expense | 1,940 | 1,127 | 1,901 | 7,227 | 3,862 | ||||||||||||||
Amortization of acquired intangible assets | 1,451 | 1,236 | 1,615 | 6,103 | 5,391 | ||||||||||||||
Non-GAAP gross profit | $ | 73,115 | $ | 53,398 | $ | 50,967 | $ | 214,415 | $ | 168,416 | |||||||||
(percent of total revenue) | 82 | % | 81 | % | 74 | % | 77 | % | 78 | % | |||||||||
GAAP license gross profit | $ | 33,191 | $ | 32,264 | $ | 28,899 | $ | 109,577 | $ | 93,556 | |||||||||
(percent of related revenue) | 94 | % | 93 | % | 92 | % | 91 | % | 91 | % | |||||||||
Plus: | |||||||||||||||||||
Stock-based compensation expense | 246 | 170 | 234 | 1,017 | 738 | ||||||||||||||
Amortization of acquired intangible assets | 421 | 196 | 430 | 1,718 | 871 | ||||||||||||||
Non-GAAP license gross profit | $ | 33,858 | $ | 32,630 | $ | 29,563 | $ | 112,312 | $ | 95,165 | |||||||||
(percent of related revenue) | 96 | % | 94 | % | 94 | % | 94 | % | 92 | % | |||||||||
GAAP subscription and maintenance support gross profit | $ | 20,929 | $ | 16,402 | $ | 20,044 | $ | 74,234 | $ | 59,508 | |||||||||
(percent of related revenue) | 68 | % | 65 | % | 67 | % | 66 | % | 64 | % | |||||||||
Plus: | |||||||||||||||||||
Stock-based compensation expense | 677 | 750 | 607 | 3,006 | 2,287 | ||||||||||||||
Amortization of acquired intangible assets | 855 | 1,040 | 1,010 | 3,977 | 4,520 | ||||||||||||||
Non-GAAP subscription and maintenance support gross profit | $ | 22,461 | $ | 18,192 | $ | 21,661 | $ | 81,217 | $ | 66,315 | |||||||||
(percent of related revenue) | 73 | % | 72 | % | 73 | % | 72 | % | 72 | % | |||||||||
GAAP professional services and other gross profit | $ | 15,604 | $ | 2,369 | $ | (1,492 | ) | $ | 17,274 | $ | 6,099 | ||||||||
(percent of related revenue) | 66 | % | 41 | % | (19 | )% | 37 | % | 29 | % | |||||||||
Plus: | |||||||||||||||||||
Stock-based compensation expense | 1,017 | 207 | 1,060 | 3,204 | 837 | ||||||||||||||
Amortization of acquired intangible assets | 175 | — | 175 | 408 | — | ||||||||||||||
Non-GAAP professional services and other gross profit | $ | 16,796 | $ | 2,576 | $ | (257 | ) | $ | 20,886 | $ | 6,936 | ||||||||
(percent of related revenue) | 71 | % | 44 | % | (3 | )% | 45 | % | 33 | % |
Three Months Ended December 31, | Three Months Ended September 30, | Year Ended December 31, | |||||||||||||||||
2015 | 2014 | 2015 | 2015 | 2014 | |||||||||||||||
(in thousands) | |||||||||||||||||||
Non-GAAP income from operations: | |||||||||||||||||||
GAAP income from operations | $ | 20,624 | $ | 11,260 | $ | 822 | $ | 15,243 | $ | 6,574 | |||||||||
(percent of total revenue) | 23 | % | 17 | % | 1 | % | 5 | % | 3 | % | |||||||||
Plus: | |||||||||||||||||||
Stock-based compensation expense | 10,057 | 7,249 | 9,157 | 40,444 | 30,273 | ||||||||||||||
Amortization of acquired intangible assets | 1,451 | 1,236 | 1,615 | 6,103 | 5,391 | ||||||||||||||
Non-GAAP income from operations | $ | 32,132 | $ | 19,745 | $ | 11,594 | $ | 61,790 | $ | 42,238 | |||||||||
(percent of total revenue) | 36 | % | 30 | % | 17 | % | 22 | % | 19 | % | |||||||||
GAAP operating expense | $ | 49,100 | $ | 39,775 | $ | 46,629 | $ | 185,842 | $ | 152,589 | |||||||||
(percent of total revenue) | 55 | % | 60 | % | 67 | % | 67 | % | 70 | % | |||||||||
Less: | |||||||||||||||||||
Stock-based compensation expense | 8,117 | 6,122 | 7,256 | 33,217 | 26,411 | ||||||||||||||
Non-GAAP operating expense | $ | 40,983 | $ | 33,653 | $ | 39,373 | $ | 152,625 | $ | 126,178 | |||||||||
(percent of total revenue) | 46 | % | 51 | % | 57 | % | 55 | % | 58 | % | |||||||||
GAAP sales and marketing expense | $ | 23,955 | $ | 18,967 | $ | 20,703 | $ | 83,806 | $ | 69,471 | |||||||||
(percent of total revenue) | 27 | % | 29 | % | 30 | % | 30 | % | 32 | % | |||||||||
Less: | |||||||||||||||||||
Stock-based compensation expense | 3,773 | 2,407 | 2,812 | 13,821 | 9,856 | ||||||||||||||
Non-GAAP sales and marketing expense | $ | 20,182 | $ | 16,560 | $ | 17,891 | $ | 69,985 | $ | 59,615 | |||||||||
(percent of total revenue) | 23 | % | 25 | % | 26 | % | 25 | % | 27 | % | |||||||||
GAAP research and development expense | $ | 15,225 | $ | 12,940 | $ | 14,974 | $ | 60,749 | $ | 50,125 | |||||||||
(percent of total revenue) | 17 | % | 20 | % | 22 | % | 22 | % | 23 | % | |||||||||
Less: | |||||||||||||||||||
Stock-based compensation expense | 2,911 | 2,666 | 2,428 | 11,844 | 10,164 | ||||||||||||||
Non-GAAP research and development expense | $ | 12,314 | $ | 10,274 | $ | 12,546 | $ | 48,905 | $ | 39,961 | |||||||||
(percent of total revenue) | 14 | % | 16 | % | 18 | % | 18 | % | 18 | % | |||||||||
GAAP general and administrative expense | $ | 9,920 | $ | 7,868 | $ | 10,952 | $ | 41,287 | $ | 32,993 | |||||||||
(percent of total revenue) | 11 | % | 12 | % | 16 | % | 15 | % | 15 | % | |||||||||
Less: | |||||||||||||||||||
Stock-based compensation expense | 1,433 | 1,049 | 2,016 | 7,552 | 6,391 | ||||||||||||||
Non-GAAP general and administrative expense | $ | 8,487 | $ | 6,819 | $ | 8,936 | $ | 33,735 | $ | 26,602 | |||||||||
(percent of total revenue) | 9 | % | 10 | % | 13 | % | 12 | % | 12 | % |
Three Months Ended December 31, | Three Months Ended September 30, | Year Ended December 31, | |||||||||||||||||
2015 | 2014 | 2015 | 2015 | 2014 | |||||||||||||||
(in thousands, except per share data) | |||||||||||||||||||
Non-GAAP net income and income per share: | |||||||||||||||||||
GAAP net income | $ | 11,622 | $ | 7,687 | $ | (3,250 | ) | $ | 179 | $ | 296 | ||||||||
(percent of total revenue) | 13 | % | 12 | % | (5 | )% | * | * | |||||||||||
Adjusted for: | |||||||||||||||||||
Stock-based compensation expense | 10,057 | 7,249 | 9,157 | 40,444 | 30,273 | ||||||||||||||
Amortization of acquired intangible assets | 1,451 | 1,236 | 1,615 | 6,103 | 5,391 | ||||||||||||||
Non-cash interest expense on our convertible senior notes | 3,177 | 1,521 | 2,325 | 8,618 | 5,906 | ||||||||||||||
Foreign currency transaction losses | 403 | 562 | 336 | 1,962 | 1,300 | ||||||||||||||
Loss on repurchase of convertible senior notes | — | — | 3,752 | 3,752 | — | ||||||||||||||
Non-cash tax provision | 3,979 | 825 | (2,997 | ) | (2,477 | ) | (3,018 | ) | |||||||||||
Non-GAAP net income | $ | 30,689 | $ | 19,080 | $ | 10,938 | $ | 58,581 | $ | 40,148 | |||||||||
(percent of total revenue) | 34 | % | 29 | % | 16 | % | 21 | % | 19 | % | |||||||||
GAAP net income per basic common share | $ | 0.40 | $ | 0.27 | $ | (0.11 | ) | $ | 0.01 | $ | 0.01 | ||||||||
Adjusted for: | |||||||||||||||||||
Stock-based compensation expense | 0.35 | 0.25 | 0.31 | 1.39 | 1.06 | ||||||||||||||
Amortization of acquired intangible assets | 0.05 | 0.04 | 0.06 | 0.21 | 0.19 | ||||||||||||||
Non-cash interest expense on our convertible senior notes | 0.11 | 0.05 | 0.08 | 0.30 | 0.21 | ||||||||||||||
Foreign currency transaction losses | 0.01 | 0.02 | 0.01 | 0.07 | 0.05 | ||||||||||||||
Loss on repurchase of convertible senior notes | — | — | 0.13 | 0.13 | — | ||||||||||||||
Non-cash tax provision | 0.14 | 0.03 | (0.10 | ) | (0.09 | ) | (0.11 | ) | |||||||||||
Non-GAAP net income per basic common share | $ | 1.06 | $ | 0.66 | $ | 0.37 | $ | 2.01 | $ | 1.40 | |||||||||
GAAP net income per diluted common share | $ | 0.39 | $ | 0.26 | $ | (0.11 | ) | $ | 0.01 | $ | 0.01 | ||||||||
Adjusted for: | |||||||||||||||||||
Stock-based compensation expense | 0.34 | 0.25 | 0.31 | 1.36 | 1.03 | ||||||||||||||
Amortization of acquired intangible assets | 0.05 | 0.04 | 0.05 | 0.20 | 0.18 | ||||||||||||||
Non-cash interest expense on our convertible senior notes | 0.11 | 0.05 | 0.08 | 0.29 | 0.20 | ||||||||||||||
Foreign currency transaction losses | 0.01 | 0.02 | 0.01 | 0.07 | 0.04 | ||||||||||||||
Loss on repurchase of convertible senior notes | — | — | 0.13 | 0.13 | — | ||||||||||||||
Non-cash tax provision | 0.14 | 0.03 | (0.10 | ) | (0.08 | ) | (0.10 | ) | |||||||||||
Non-GAAP net income per diluted common share | $ | 1.04 | $ | 0.65 | $ | 0.37 | $ | 1.96 | $ | 1.37 |