XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue:        
Product revenue $ 233,666 $ 206,693 $ 690,573 $ 629,782
Service revenue 149,857 131,604 443,275 393,203
Total revenue 383,523 338,297 1,133,848 1,022,985
Cost of Revenue:        
Cost of product revenue 84,784 76,521 249,782 230,514
Cost of service revenue 85,403 75,993 250,115 225,018
Total cost of revenue 170,187 152,514 499,897 455,532
Gross profit 213,336 185,783 633,951 567,453
Expenses:        
Sales and marketing 70,602 60,079 206,470 179,641
General and administrative 45,698 38,651 128,633 116,871
Research and development 24,847 21,568 73,394 65,507
Income from operations 72,189 65,485 225,454 205,434
Interest expense (4,294) (1,463) (10,033) (3,477)
Interest income 313 456 1,272 1,345
Income before provision for income taxes 68,208 64,478 216,693 203,302
Provision for income taxes 16,045 18,786 60,693 58,745
Net income 52,163 45,692 156,000 144,557
Less: Net income attributable to noncontrolling interest 21 4 55 15
Net income attributable to IDEXX Laboratories, Inc. stockholders $ 52,142 $ 45,688 $ 155,945 $ 144,542
Earnings per Share:        
Basic $ 1.05 $ 0.87 $ 3.07 $ 2.70
Diluted $ 1.03 $ 0.86 $ 3.03 $ 2.66
Weighted Average Shares Outstanding:        
Basic 49,745,000 52,450,000 50,821,000 53,562,000
Diluted 50,400,000 53,242,000 51,522,000 54,391,000