XML 54 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Quarterly Results (unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Results (unaudited) [Abstract]  
Quarterly Results (unaudited)
(15)
Quarterly Results (unaudited)
 
 
 
2013 Quarterly Results
 
 
 
March 31
  
June 30
  
September 30
  
December 31
 
Net sales
 
$
63,634
  
$
57,193
  
$
57,245
  
$
53,595
 
Gross margin
  
35,443
   
31,981
   
30,616
   
30,731
 
Loss before income taxes
  
(3,478
)
  
(27,408
)
  
(4,579
)
  
(629
)
Net loss
  
(6,493
)
  
(28,120
)
  
(4,101
)
  
(269
)
Net loss attributable to Merge
  
(6,475
)
  
(28,107
)
  
(4,105
)
  
(293
)
Basic and diluted loss per share
 
$
(0.07
)
 
$
(0.30
)
 
$
(0.04
)
 
$
(0.00
)
 
                
 
 
2012 Quarterly Results
 
 
 
March 31
  
June 30
  
September 30
  
December 31
 
Net sales
 
$
60,978
  
$
62,886
  
$
60,394
  
$
64,646
 
Gross margin
  
35,995
   
35,590
   
35,540
   
33,728
 
Loss before income taxes
  
(2,258
)
  
(3,758
)
  
(2,142
)
  
(16,571
)
Net loss
  
(1,863
)
  
(5,879
)
  
(3,826
)
  
(17,252
)
Net loss attributable to Merge
  
(1,842
)
  
(5,882
)
  
(3,814
)
  
(17,264
)
Basic and diluted loss per share
 
$
(0.02
)
 
$
(0.06
)
 
$
(0.04
)
 
$
(0.19
)
 
                
 
 
2011 Quarterly Results
 
 
 
March 31
  
June 30
  
September 30
  
December 31
 
Net sales
 
$
52,672
  
$
55,592
  
$
60,077
  
$
64,087
 
Gross margin
  
30,569
   
36,861
   
36,128
   
40,216
 
Income (loss) before income taxes
  
(744
)
  
341
   
(1,255
)
  
(208
)
Net loss
  
(1,589
)
  
(1,685
)
  
(1,013
)
  
(1,244
)
Net loss attributable to Merge
  
(1,589
)
  
(1,685
)
  
(995
)
  
(1,252
)
Net loss available to common shareholders
  
(3,155
)
  
(3,272
)
  
(995
)
  
(1,252
)
Basic and diluted loss per share
 
$
(0.04
)
 
$
(0.04
)
 
$
(0.01
)
 
$
(0.01
)

During the second quarter of 2013, we recorded a charge of $23,822 for the early extinguishment of the Notes in our consolidated statement of operations. This charge consisted of $5,235 for unamortized debt issuance costs, $1,724 for unamortized net debt discount and $16,863 for early retirement costs.
 
During the fourth quarter of 2012, we recorded charges of $3,872 related to third party licenses and technology considered unusable, $1,269 for the write-off of acquired intangibles and $9,163 related primarily to our reserve for revenues in excess of billings and uncollectible billings from customer contracts obtained through acquisitions in the past few years.  The aggregate of these adjustments was to increase our net loss by $14,304 ($0.15 per share, net of income tax) for the quarter ended December 31, 2012.