Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income and Comprehensive Income

v3.6.0.2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Revenue $ 381,892 $ 375,865 $ 355,834
Cost of revenue 144,632 145,492 138,480
Intangibles amortization 2,327 2,836 2,967
Gross profit 234,933 227,537 214,387
Operating expenses:      
Marketing and selling 84,834 87,675 85,729
Research and development 33,443 30,434 30,100
General and administrative 50,877 46,363 45,444
Intangibles amortization 8,983 7,447 3,025
Restructuring 1,536 2,145 4,238
Total operating expenses 179,673 174,064 168,536
Income from operations 55,260 53,473 45,851
Other income (expense), net (357) (1,064) 158
Income before provision for income tax 54,903 52,409 46,009
Provision for income tax 12,309 14,485 13,531
Net income $ 42,594 $ 37,924 $ 32,478
Weighted average shares used in the calculation of net income per share:      
Basic $ 1.31 $ 1.17 $ 1.03
Diluted (in dollars per share) $ 1.29 $ 1.14 $ 1.00
Diluted      
Basic (shares) 32,460 32,348 31,499
Diluted (shares) 33,056 33,241 32,568
Other Comprehensive income:      
Unrealized losses on available-for-sale investments $ (168) $ 0 $ 0
Foreign currency translation adjustment (5,003) (8,378) (11,218)
Total other comprehensive income (5,171) (8,378) (11,218)
Basic $ 37,423 $ 29,546 $ 21,260