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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
QUARTERLY FINANCIAL DATA (UNAUDITED)
FLIR SYSTEMS, INC.
(In thousands, except per share data)

 
Q1
 
Q2
 
Q3
 
Q4
2016
 
 
 
 
 
 
 
Revenue
$
379,472

 
$
402,729

 
$
405,228

 
$
474,738

Gross profit
177,690

 
183,322

 
191,376

 
214,733

Net earnings(1)(2)
1,125

 
45,368

 
58,633

 
61,500

Earnings per share:
 
 
 
 
 
 
 
Basic earnings per share
$
0.01

 
$
0.33

 
$
0.43

 
$
0.45

Diluted earnings per share
$
0.01

 
$
0.33

 
$
0.43

 
$
0.45

 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
Revenue
$
344,517

 
$
392,975

 
$
381,928

 
$
437,647

Gross profit
175,897

 
189,615

 
180,739

 
207,310

Net earnings(3)
47,910

 
50,500

 
73,072

 
70,204

Earnings per share:
 
 
 
 
 
 
 
Basic earnings per share
$
0.34

 
$
0.36

 
$
0.52

 
$
0.51

Diluted earnings per share
$
0.34

 
$
0.36

 
$
0.52

 
$
0.51

_______________
(1)
2016 Net earnings includes restructuring expenses of $0.2 million reported in the first quarter, $0.1 million reported in the second quarter, $0.9 million reported in the third quarter and $0.2 million reported in the fourth quarter.

(2)
Net earnings for the first quarter of 2016 includes as discrete tax charge for certain tax legislation in Belgium of $39.6 million.

(3)
2015 Net earnings includes restructuring expenses of $0.3 million reported in the first quarter, $0.5 million reported in the second quarter, $0.3 million reported in the third quarter and $0.3 million reported in the fourth quarter.

The sum of the quarterly earnings per share does not always equal the annual earnings per share as a result of the computation of quarterly versus annual average shares outstanding.