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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
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
2018
 
 
 
 
 
 
 
Revenue
$
439,618

 
$
452,707

 
$
434,898

 
$
448,463

Gross profit
217,914

 
232,551

 
222,074

 
227,779

Net earnings(1)
39,195

 
71,563

 
73,151

 
98,516

Earnings per share:
 
 
 
 
 
 
 
Basic earnings per share
$
0.28

 
$
0.52

 
$
0.53

 
$
0.72

Diluted earnings per share
$
0.28

 
$
0.51

 
$
0.52

 
$
0.71

 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
Revenue
$
406,814

 
$
434,124

 
$
464,712

 
$
494,784

Gross profit
191,321

 
206,732

 
222,891

 
237,832

Net earnings (loss)(2)
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
)
_______________
(1)
Net earnings for the fourth quarter of 2018 includes $15.0 million for the costs of a regulatory settlement and a discrete tax benefit of $33.1 million for the cancellation of Belgium tax assessments issued as part of the European Commission's decision regarding state aid.

(2)
Net earnings for the fourth quarter of 2017 includes a discrete tax charge of $94.4 million associated with US Tax Cuts and Jobs Act enacted in December 2017 and a loss on net assets held for sale of $23.6 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.