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Quarterly Results of Operations (unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Results of Operations (unaudited)  
Quarterly Results of Operations (unaudited)

Note 19. Quarterly Results of Operations (unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Dec. 31,

    

Sept. 30,

    

June 30,

    

March 31,

    

Dec. 31,

    

Sept. 30,

    

June 30,

    

March 31,

 

 

 

2018

 

2018

 

2018

 

2018

 

2017(1)

 

2017

 

2017

 

2017

 

 

 

(in thousands, except per share data)

 

Revenue

 

$

105,683

 

$

95,374

 

$

119,333

 

$

122,185

 

$

116,396

 

$

104,482

 

$

102,790

 

$

86,893

 

Gross profit

 

 

43,567

 

 

39,913

 

 

49,000

 

 

47,156

 

 

36,720

 

 

39,751

 

 

39,062

 

 

34,714

 

Net income

 

 

8,463

 

 

8,838

 

 

14,669

 

 

13,915

 

 

91,680

 

 

11,841

 

 

13,932

 

 

9,506

 

Net income per basic share

 

$

0.26

 

$

0.27

 

$

0.46

 

$

0.43

 

$

2.88

 

$

0.38

 

$

0.46

 

$

0.32

 

Net income per diluted share

 

$

0.25

 

$

0.26

 

$

0.43

 

$

0.41

 

$

2.68

 

$

0.35

 

$

0.42

 

$

0.29

 

(1)

For the quarter ending December 31, 2017, gross profit and net income includes a $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.