XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenues $ 106,747 $ 102,186 $ 204,563 $ 190,468
Cost of revenues 51,574 55,337 102,856 106,018
Gross margin 55,173 46,849 101,707 84,450
Operating expenses:        
Selling, general and administrative 20,375 20,035 40,598 38,603
Research and development 16,935 15,516 32,804 29,769
Total operating expenses 37,310 35,551 73,402 68,372
Income from operations 17,863 11,298 28,305 16,078
Other income (expense), net:        
Total unrealized (losses) gains on available-for-sale securities, net (40) 16 (31) (87)
Less: portion of losses (gains) recognized in other comprehensive income 40 (15) 31 89
Net credit gains recognized in earnings 0 1 0 2
Other income, net 1,776 83 3,726 244
Total other income, net 1,776 84 3,726 246
Income before income taxes 19,639 11,382 32,031 16,324
Provision for income taxes 2,537 802 3,678 754
Consolidated net income 17,102 10,580 28,353 15,570
Less: Net income (loss) attributable to noncontrolling interest 1 (13) 8 (22)
Net income attributable to Vicor Corporation $ 17,101 $ 10,593 $ 28,345 $ 15,592
Net income per common share attributable to Vicor Corporation:        
Basic $ 0.39 $ 0.24 $ 0.64 $ 0.35
Diluted $ 0.38 $ 0.24 $ 0.63 $ 0.35
Shares used to compute net income per common share attributable to Vicor Corporation:        
Basic [1] 44,230 43,973 44,196 43,963
Diluted 44,906 44,866 44,907 44,910
[1] Denominator represents the weighted average number of shares of Common Stock and Class B Common Stock outstanding.