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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2017
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
2017
 
 
 
 
 
 
 
Revenue
$
406,814

 
$
434,124

 
$
464,712

 
$
494,784

Gross profit
191,321

 
206,732

 
222,891

 
237,832

Net earnings (loss)(1)
42,571

 
51,413

 
63,529

 
(50,290
)
Earnings per share:
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
0.31

 
$
0.38

 
$
0.46

 
$
(0.36
)
Diluted earnings (loss) per share
$
0.31

 
$
0.37

 
$
0.46

 
$
(0.36
)
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
 
 
Revenue
$
379,472

 
$
402,729

 
$
405,228

 
$
474,738

Gross profit
177,690

 
183,322

 
191,376

 
214,733

Net earnings(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

_______________
(1)
Net earnings for the fourth quarter of 2017 includes a discrete tax charge of $94.4 million associated with U.S. Tax Cuts and Jobs Act enacted in December 2017 and a loss on net assets held for sale of $23.6 million.

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

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.