Here is the Income Statement:
(In thousands, except per share data )
Three Months Ended For the Year Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
1996 1995 1996 1995
Net sales $132,041 $103,536 $465,378 $316,309
Cost of sales 77,322 61,666 281,013 189,767
Gross margin 54,719 41,870 184,365 126,542
Operating expenses:
Research and development 17,707 14,951 63,382 42,080
Selling, marketing and
administrative 13,441 10,410 48,800 33,510
Total operating expenses
31,148 25,361 112,182 75,590
Income from operations 23,571 16,509 72,183 50,952
Other income, net 243 1,130 2,229 4,489
Income from operations before
income taxes 23,814 17,639 74,412 55,441
Income taxes 8,335 6,180 26,045 20,067
Net income 15,479 11,459 48,367 35,374
Net Income per common and
equivalent share:
Primary 0.30 0.23 0.95 0.75
Assuming full dilution 0.29 0.23 0.94 0.75
Shares used in computing net
income per common and equivalent
share:
Primary 52,455 50,329 50,929 47,013
Assuming full dilution 57,840 50,329 52,733 47,013 |
