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ClearOne Communications, Inc. - Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenue, net $ 46,067 $ 41,284
Cost of goods sold 18,522 16,643
Gross profit 27,545 24,641
Operating expense:    
Sales and marketing 8,120 8,685
Research and product development 7,128 7,739
General and administrative 5,427 6,420
Proceeds from litigation (3,702) 0
Total operating expenses 16,973 22,844
Operating income 10,572 1,797
Other income (expense), net 24 (104)
Income before income taxes 10,596 1,693
Provision (benefit) for income taxes 3,667 681
Net income $ 6,929 $ 2,374
Basic Earnings per common shares $ 0.77 $ 0.27
Diluted Earnings per common share (diluted) $ 0.75 $ 0.27
Basic weighted average number of shares outstanding 9,027,934 8,929,305
Diluted weighted average Number of shares outstanding 9,271,811 8,942,929