XML 19 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue:    
Total revenue $ 576,056 $ 537,656
Cost of Revenue:    
Cost of service revenue 244,459 234,557
Gross profit 331,597 303,099
Expenses:    
Sales and marketing 106,584 100,101
General and administrative 60,361 60,931
Research and development 31,514 29,023
Income from operations 133,138 113,044
Interest expense (8,386) (9,274)
Interest income 40 579
Income before provision for income taxes 124,792 104,349
Provision for income taxes 22,083 14,873
Net income 102,709 89,476
Less: Net income attributable to noncontrolling interest 28 25
Net income attributable to IDEXX Laboratories, Inc. stockholders $ 102,681 $ 89,451
Earnings per Share:    
Basic (in dollars per share) $ 1.19 $ 1.02
Diluted (in dollars per share) $ 1.17 $ 1.01
Weighted Average Shares Outstanding:    
Basic (in shares) 86,204 87,331
Diluted (in shares) 87,549 88,944
Product revenue    
Revenue:    
Total revenue $ 334,058 $ 317,440
Cost of Revenue:    
Cost of service revenue 117,383 118,246
Service revenue    
Revenue:    
Total revenue 241,998 220,216
Cost of Revenue:    
Cost of service revenue $ 127,076 $ 116,311