Now that some old timers are turning negative, it will start to move up!
Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)
Quarter Ended Nine Months Ended
Sept. 30, Sept. 30,
1998 1997 1998 1997
Net revenues $ 86,162$ 81,717 $255,997 $246,947
Costs and expenses:
Cost of revenues 38,757 36,750 116,768 109,003
Research and development 18,867 16,798 55,134 47,860
Selling, general and
administrative 15,207 13,555 43,756 38,965
Total 72,831 67,103 215,658 195,828
Income from operations 13,331 14,614 40,339 51,119
Other income (expense), net 1,636 (33) 2,547 (1,635)
Income before income taxes, minority interest and
extraordinary item 14,967 14,581 42,886 49,484
Income tax expense 4,490 4,958 12,869 16,865
Income before minority interest
and extraordinary item 10,477 9,623 30,017 32,619
Minority interest in
net loss of subsidiary (185) (40) (354) (123)
Income before extraordinary item
10,662 9,663 30,371 32,742
Extraordinary gain on buyback
of convertible notes 2,356 -- 3,494 --
Net income 13,018 9,663 33,865 32,742
Income per diluted share before
extraordinary item 0.28 0.25 0.79 0.85
Extraordinary item per
diluted share 0.06 -- 0.09 --
Net income per diluted share 0.34 0.25 0.88 0.85
Shares used in computation 39,686 42,055 40,769 41,521
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