XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Interim Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 27, 2015
Mar. 28, 2014
Mar. 27, 2015
Mar. 28, 2014
Revenue:        
Licensing $ 243,333us-gaap_LicensesRevenue $ 258,616us-gaap_LicensesRevenue $ 459,931us-gaap_LicensesRevenue $ 464,276us-gaap_LicensesRevenue
Products 22,985us-gaap_SalesRevenueGoodsNet 14,563us-gaap_SalesRevenueGoodsNet 36,248us-gaap_SalesRevenueGoodsNet 32,667us-gaap_SalesRevenueGoodsNet
Services 5,632us-gaap_SalesRevenueServicesNet 5,413us-gaap_SalesRevenueServicesNet 10,009us-gaap_SalesRevenueServicesNet 12,926us-gaap_SalesRevenueServicesNet
Total revenue 271,950us-gaap_Revenues 278,592us-gaap_Revenues 506,188us-gaap_Revenues 509,869us-gaap_Revenues
Cost of revenue:        
Cost of licensing 3,787us-gaap_LicenseCosts 3,742us-gaap_LicenseCosts 7,268us-gaap_LicenseCosts 7,743us-gaap_LicenseCosts
Cost of products 18,237us-gaap_CostOfGoodsSold 10,293us-gaap_CostOfGoodsSold 30,821us-gaap_CostOfGoodsSold 24,081us-gaap_CostOfGoodsSold
Cost of services 3,125us-gaap_CostOfServices 3,470us-gaap_CostOfServices 6,470us-gaap_CostOfServices 7,063us-gaap_CostOfServices
Total cost of revenue 25,149us-gaap_CostOfRevenue 17,505us-gaap_CostOfRevenue 44,559us-gaap_CostOfRevenue 38,887us-gaap_CostOfRevenue
Gross margin 246,801us-gaap_GrossProfit 261,087us-gaap_GrossProfit 461,629us-gaap_GrossProfit 470,982us-gaap_GrossProfit
Operating expenses:        
Research and development 56,601us-gaap_ResearchAndDevelopmentExpense 44,798us-gaap_ResearchAndDevelopmentExpense 105,195us-gaap_ResearchAndDevelopmentExpense 89,261us-gaap_ResearchAndDevelopmentExpense
Sales and marketing 65,940us-gaap_SellingAndMarketingExpense 64,828us-gaap_SellingAndMarketingExpense 133,958us-gaap_SellingAndMarketingExpense 125,207us-gaap_SellingAndMarketingExpense
General and administrative 45,653us-gaap_GeneralAndAdministrativeExpense 46,457us-gaap_GeneralAndAdministrativeExpense 90,369us-gaap_GeneralAndAdministrativeExpense 88,365us-gaap_GeneralAndAdministrativeExpense
Restructuring charges/(credits) 0us-gaap_RestructuringCharges 86us-gaap_RestructuringCharges (39)us-gaap_RestructuringCharges 3,301us-gaap_RestructuringCharges
Total operating expenses 168,194us-gaap_OperatingExpenses 156,169us-gaap_OperatingExpenses 329,483us-gaap_OperatingExpenses 306,134us-gaap_OperatingExpenses
Operating income 78,607us-gaap_OperatingIncomeLoss 104,918us-gaap_OperatingIncomeLoss 132,146us-gaap_OperatingIncomeLoss 164,848us-gaap_OperatingIncomeLoss
Other income/expense:        
Interest income 1,091us-gaap_InvestmentIncomeInterest 920us-gaap_InvestmentIncomeInterest 1,991us-gaap_InvestmentIncomeInterest 1,574us-gaap_InvestmentIncomeInterest
Interest expense (31)us-gaap_InterestExpense (93)us-gaap_InterestExpense (46)us-gaap_InterestExpense (205)us-gaap_InterestExpense
Other income/(expense), net 218us-gaap_OtherNonoperatingIncomeExpense (2,823)us-gaap_OtherNonoperatingIncomeExpense 110us-gaap_OtherNonoperatingIncomeExpense (2,594)us-gaap_OtherNonoperatingIncomeExpense
Total other income/expense 1,278us-gaap_NonoperatingIncomeExpense (1,996)us-gaap_NonoperatingIncomeExpense 2,055us-gaap_NonoperatingIncomeExpense (1,225)us-gaap_NonoperatingIncomeExpense
Income before income taxes 79,885us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 102,922us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 134,201us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 163,623us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes (21,353)us-gaap_IncomeTaxExpenseBenefit (26,373)us-gaap_IncomeTaxExpenseBenefit (33,732)us-gaap_IncomeTaxExpenseBenefit (41,828)us-gaap_IncomeTaxExpenseBenefit
Net income including controlling interest 58,532us-gaap_ProfitLoss 76,549us-gaap_ProfitLoss 100,469us-gaap_ProfitLoss 121,795us-gaap_ProfitLoss
Less: net (income) attributable to controlling interest (558)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (681)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1,138)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1,412)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Dolby Laboratories, Inc.     99,331us-gaap_NetIncomeLoss 120,383us-gaap_NetIncomeLoss
Net Income Per Share:        
Basic (in usd per share)     $ 0.97us-gaap_EarningsPerShareBasic $ 1.18us-gaap_EarningsPerShareBasic
Diluted (in usd per share)     $ 0.95us-gaap_EarningsPerShareDiluted $ 1.16us-gaap_EarningsPerShareDiluted
Weighted-Average Shares Outstanding:        
Basic (in shares)     102,406us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 102,021us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 103,904us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 103,934us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 104,097us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 103,460us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Related party rent expense:        
Included in operating expenses 755us-gaap_CostsAndExpensesRelatedParty 346us-gaap_CostsAndExpensesRelatedParty 1,543us-gaap_CostsAndExpensesRelatedParty 692us-gaap_CostsAndExpensesRelatedParty
Included in net income attributable to controlling interest $ 1,151dlb_CostsAndExpensesRelatedPartyAttributableToControllingInterest $ 1,250dlb_CostsAndExpensesRelatedPartyAttributableToControllingInterest $ 2,304dlb_CostsAndExpensesRelatedPartyAttributableToControllingInterest $ 2,505dlb_CostsAndExpensesRelatedPartyAttributableToControllingInterest
Common stock, dividends declared (in dollars per share) $ 0.10us-gaap_CommonStockDividendsPerShareDeclared $ 0.00us-gaap_CommonStockDividendsPerShareDeclared $ 0.20us-gaap_CommonStockDividendsPerShareDeclared $ 0.00us-gaap_CommonStockDividendsPerShareDeclared