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Quarterly Results of Operations (unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Results of Operations (unaudited)  
Quarterly Results of Operations (unaudited)

Note 17. Quarterly Results of Operations (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Dec. 31,

    

Sept. 30,

    

June 30,

    

March 31,

    

Dec. 31,

    

Sept. 30,

    

June 30,

    

March 31,

 

 

 

2017(1)

 

2017

 

2017

 

2017

 

2016

 

2016

 

2016

 

2016

 

 

 

(in thousands, except per share data)

 

Revenue

 

$

116,396

 

$

104,482

 

$

102,790

 

$

86,893

 

$

69,358

 

$

65,650

 

$

64,451

 

$

67,521

 

Gross profit

 

 

36,720

 

 

39,751

 

 

39,062

 

 

34,714

 

 

26,947

 

 

24,104

 

 

25,131

 

 

23,415

 

Net income

 

 

91,680

 

 

11,841

 

 

13,932

 

 

9,506

 

 

3,965

 

 

2,151

 

 

2,937

 

 

1,948

 

Net income per basic share

 

$

2.88

 

$

0.38

 

$

0.46

 

$

0.32

 

$

0.13

 

$

0.07

 

$

0.10

 

$

0.07

 

Net income per diluted share

 

$

2.68

 

$

0.35

 

$

0.42

 

$

0.29

 

$

0.13

 

$

0.07

 

$

0.10

 

$

0.06

 

(1)

Gross profit includes $6.2 million charge to inventory reserves. Net income also includes an $81.6 million tax benefit relating to the reversal of a valuation allowance on deferred tax assets.