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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Product $ 61,918 $ 71,155 $ 78,746
Service 17,525 12,479 9,985
Total revenues 79,443 83,634 88,731
Cost of revenues:      
Product 31,793 34,767 37,981
Service 8,989 6,846 7,240
Total cost of revenues 40,782 41,613 45,221
Gross profit 38,661 42,021 43,510
Operating expenses:      
Research and development 11,866 7,257 6,506
Selling, general and administrative 36,039 30,093 25,432
Goodwill and intangible assets impairment charge 29,548 0 0
Amortization of intangible assets 952 223 0
Total operating expenses 78,405 37,573 31,938
Operating income (loss) (39,744) [1] 4,448 [1] 11,572 [2]
Other income (expense):      
Interest, net 75 195 507
Gain (loss) on currency exchange (145) 17 14
Other, net 26 9 3
Total other income, net (44) 221 524
Income (loss) before income taxes (39,788) 4,669 12,096
Income tax expense 8,809 1,997 4,494
Net Income (loss) (48,597) 2,672 7,602
Net loss attributable to the noncontrolling interest 259 163 98
Net income (loss) attributable to Rimage $ (48,338) $ 2,835 $ 7,700
Net income (loss) per basic share $ (4.85) $ 0.29 $ 0.81
Net income (loss) per diluted share $ (4.85) $ 0.29 $ 0.80
Basic weighted average shares outstanding 9,971 9,674 9,524
Diluted weighted average shares outstanding 9,971 9,699 9,596
[1] Operating loss for the enterprise content distribution software segment in 2012 and 2011 includes amortization expense of $1.7 million and $0.4 million, respectively, for amortization of intangible assets established as part of the Qumu acquisition. Operating loss for this segment also includes recognized asset impairment charges consisting of $22.2 million of goodwill and $7.3 million of other intangible assets for 2012. Operating income for the disc publishing segment in 2011 includes $1.7 million of nonrecurring transaction costs associated with the acquisition of Qumu. See Note 9, “Goodwill and Intangible Assets,” for additional information regarding the Company’s intangible assets.
[2] Operating loss for the enterprise content distribution software segment in 2010 consists of expenses incurred to develop and support the Company's Signal secure online content delivery solution.