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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
NET REVENUES $ 80,184 $ 79,858 $ 156,946 $ 151,365
COST OF REVENUES 42,558 38,369 82,897 73,954
GROSS PROFIT 37,626 41,489 74,049 77,411
OPERATING EXPENSES:        
Research and development 10,195 8,674 20,218 16,785
Sales and marketing 8,104 7,527 16,352 14,447
General and administrative 6,141 6,465 12,616 12,478
Total operating expenses 24,440 22,666 49,186 43,710
INCOME FROM OPERATIONS 13,186 18,823 24,863 33,701
OTHER INCOME        
Other income, net 461 471 903 965
Total other income 461 471 903 965
INCOME BEFORE PROVISION FOR INCOME TAXES 13,647 19,294 25,766 34,666
PROVISION FOR INCOME TAXES 3,048 3,707 5,313 6,765
NET INCOME $ 10,599 $ 15,587 $ 20,453 $ 27,901
EARNINGS PER SHARE:        
Basic $ 0.37 $ 0.56 $ 0.71 $ 1.01
Diluted $ 0.35 [1] $ 0.53 [1] $ 0.68 [1] $ 0.95 [1]
SHARES USED IN PER SHARE CALCULATION:        
Basic 28,938 27,844 28,784 27,658
Diluted 30,346 [1] 29,535 [1] 30,271 [1] 29,460 [1]
[1] The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share when they become contingently issuable per ASC 260-10, Earnings per Share and excludes such shares when they are not contingently issuable. The Company has excluded all performance-based awards underlying the fiscal 2011 and 2010 awards as those shares are not contingently issuable as of the end of the period.