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Quarterly Results of Operations (unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Results of Operations (unaudited)  
Quarterly Results of Operations (unaudited)

Note 20. Quarterly Results of Operations (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Dec. 31,

    

Sept. 30,

    

June 30,

    

March 31,

    

Dec. 31,

    

Sept. 30,

    

June 30,

    

March 31,

 

 

 

2016(1)

 

2016

 

2016

 

2016(2)

 

2015(3)

 

2015(4)

 

2015(5)

 

2015

 

 

 

(in thousands, except per share data)

 

Revenue

 

$
69,358

 

$
65,650

 

$
64,451

 

$
67,521

 

$
70,458

 

$
79,317

 

$
78,437

 

$
73,283

 

Gross profit

 

 
26,947

 

 
24,104

 

 
25,131

 

 
23,415

 

 
21,973

 

 
29,179

 

 
27,174

 

 
23,380

 

Net income

 

 
3,965

 

 
2,151

 

 
2,937

 

 
1,948

 

 
826

 

 
6,101

 

 
5,883

 

 
1,868

 

Net income per basic share

 

$
0.13

 

$
0.07

 

$
0.10

 

$
0.07

 

$
0.03

 

$
0.21

 

$
0.21

 

$
0.07

 

Net income per diluted share

 

$
0.13

 

$
0.07

 

$
0.10

 

$
0.06

 

$
0.03

 

$
0.20

 

$
0.20

 

$
0.06

 

(1)

Net income includes a $0.6 million charge to inventory reserves.

 

(2)

Net income includes a $0.2 million charge to inventory reserves and $0.3 million restructuring charge.

 

(3)

Net income includes a $0.8 million charge to inventory reserves, $0.8 million variable incentive plan expense and $1.5 million of revenue for fully written down inventory sold in quarter.

 

(4)

Net income includes a $0.3 million charge to inventory reserves and $2.2 million variable incentive plan expense.

 

(5)

Net income includes a $0.3 million charge to inventory reserves, $1.1 million stock-based compensation acceleration and $2.3 million of revenue for fully written down inventory sold in quarter.