XML 101 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
OPERATING REVENUES      
Sales Revenue Net $ 27,470 $ 34,367 $ 64,682
OPERATING COSTS      
Cost of goods and services sold (11,388) (14,413) (21,113)
GROSS PROFIT 16,082 19,954 43,569
OPERATING EXPENSES      
Product development and engineering expenses (1,471) (1,956) (7,301)
Selling and marketing expenses (8,377) (10,079) (21,589)
General and administrative expenses (13,384) (18,101) (31,780)
Bad debt expense (Notes 13 and 14) (169) (1,820) (1,639)
Impairment loss on property, plant and equipment     (278)
Impairment loss on goodwill (Notes 7 and 10) (12,489) (5,097) (2,255)
Impairment loss on intangible assets (Note 10) (15) (2,583) (1,330)
Impairment loss on prepaid licensing and royalty fees (Notes 9 and 10) (702) (247) (870)
Impairment loss on deconsolidation of T2CN (Note 5)     (22,234)
Other (49)   (1,989)
Operating Expenses (36,656) (39,883) (91,265)
LOSS FROM OPERATIONS (20,574) (19,929) (47,696)
NON-OPERATING INCOME (EXPENSES)      
Interest income 283 762 956
Gain on sales of marketable securities (Notes 12 and 15) 5,665 6,299  
Interest expense (247) (426) (370)
Foreign exchange gain (loss) 434 (365) (606)
Loss on disposal of property, plant and equipment (208) (49) (125)
Gain (loss) on equity method investments - net (Note 16) 234 (47,869) (20,770)
Impairment loss on marketable securities and investments (Note 10) (1,193) (13,327) (4,677)
Recovery of loss on termination of third-party contract (Notes 4 and 10)   2,012  
Gain on fair value changes of warrant derivative (Note 10)     2,595
Other 201 518 221
Nonoperating Income (Expense) 7,649 (47,706) 56,364
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (12,925) (67,635) 8,668
INCOME TAX (EXPENSE) BENEFIT (Note 25) (671) 245 (7,260)
INCOME (LOSS) FROM CONTINUING OPERATIONS (13,596) (67,390) 1,408
LOSS FROM DISCONTINUED OPERATIONS - NET OF TAX (Note 6) (2,521) (4,188) (128)
NET INCOME (LOSS) (16,117) (71,578) 1,280
LESS: NET LOSS ATTRIBUTABLE TO THE NONCONTROLLING INTEREST AND SUBSIDIARY PREFERRED SHARES 827 366 1,370
NET INCOME (LOSS) ATTRIBUTABLE TO GIGAMEDIA (15,290) (71,212) 2,650
NET INCOME (LOSS) ATTRIBUTABLE TO GIGAMEDIA:      
Income (loss) from continuing operations - net of tax (12,769) (67,024) 2,778
Loss from discontinued operations - net of tax (2,521) (4,188) (128)
NET INCOME (LOSS) ATTRIBUTABLE TO GIGAMEDIA (15,290) (71,212) 2,650
Basic:      
Income (loss) from continuing operations $ (0.25) $ (1.23) $ 0.05
Loss from discontinued operations $ (0.05) $ (0.08)  
Net income (loss) $ (0.30) $ (1.31) $ 0.05
Diluted:      
Income (loss) from continuing operations $ (0.25) $ (1.23) $ 0.04
Loss from discontinued operations $ (0.05) $ (0.08)  
Net income (loss) $ (0.30) $ (1.31) $ 0.04
WEIGHTED AVERAGE SHARES USED TO COMPUTE EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO GIGAMEDIA (Note 2)      
Basic 50,720 54,268 55,834
Diluted 50,720 54,268 59,291
Gaming software and service
     
OPERATING REVENUES      
Sales Revenue Net     25,820
OPERATING COSTS      
Cost of goods and services sold     (4,010)
Asian online game and service
     
OPERATING REVENUES      
Sales Revenue Net 27,470 34,367 38,862
OPERATING COSTS      
Cost of goods and services sold (11,388) (14,413) (17,103)
T2CN
     
NON-OPERATING INCOME (EXPENSES)      
Gain on deconsolidation   4,739  
Gaming software and service business
     
NON-OPERATING INCOME (EXPENSES)      
Gain on deconsolidation $ 2,480   $ 79,140