| Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||
244,700 | 227,220 | 218,901 | 202,593 | 162,031 | 180,878 | 156,596 | 143,676 | 124,557 |
Cost of revenues | ||||||||
111,091 | 101,375 | 95,649 | 93,623 | 78,081 | 79,903 | 71,493 | 63,884 | 52,435 |
Gross profit | ||||||||
133,609 | 125,845 | 123,252 | 108,970 | 83,950 | 100,975 | 85,103 | 79,792 | 72,122 |
Operating expenses: | ||||||||
Research and development | ||||||||
23,332 | 19,795 | 18,388 | 16,327 | 13,647 | 13,577 | 12,246 | 11,973 | 10,688 |
Sales and marketing | ||||||||
53,291 | 45,249 | 42,526 | 42,147 | 34,742 | 43,800 | 39,618 | 34,384 | 30,138 |
General and administrative | ||||||||
18,331 | 16,314 | 15,984 | 16,192 | 11,333 | 12,825 | 13,782 | 10,963 | 10,521 |
Gain from legal settlement | ||||||||
- | - | - | - | - | 17,250 | 0 | 0 | - |
Total operating expenses | ||||||||
94,954 | 81,358 | 76,898 | 74,666 | 59,722 | 52,952 | 65,646 | 57,320 | 51,347 |
Income from operations | ||||||||
38,655 | 44,487 | 46,354 | 34,304 | 24,228 | 48,023 | 19,457 | 22,472 | 20,775 |
Interest and other income (expense), net | ||||||||
4,745 | 6,625 | 793 | -1,262 | 994 | 253 | 710 | 1,099 | 630 |
Income from continuing operations before income tax provision | ||||||||
43,400 | 51,112 | 47,147 | 33,042 | 25,222 | 48,276 | 20,167 | 23,571 | 21,405 |
Income tax provision | ||||||||
16,223 | 18,333 | 16,073 | 12,239 | 8,993 | 17,149 | 7,076 | 9,034 | 8,382 |
Income from continuing operations | ||||||||
27,177 | 32,779 | 31,074 | 20,803 | 16,229 | 31,127 | - | - | - |
Discontinued operations (Note 2) | ||||||||
Loss from discontinued operations, net of tax | ||||||||
0 | -63 | -3 | -1,154 | -2,044 | -3,668 | - | - | - |
Gain on sale of discontinued operations, net of tax | ||||||||
0 | 0 | 559 | 7,682 | 0 | 0 | - | - | - |
Net income | ||||||||
27,177 | 32,716 | 31,630 | 27,331 | 14,185 | 27,459 | 13,091 | 14,537 | 13,023 |
Net income per share: | ||||||||
Basic | ||||||||
Continuing operations (in dollars per share) | ||||||||
1.20 | 1.46 | 1.37 | 0.92 | 0.73 | 1.42 | - | - | - |
Discontinued operations (in dollars per share) | ||||||||
0.00 | -0.01 | 0.03 | 0.29 | -0.09 | -0.17 | - | - | - |
Basic net income per share (in dollars per share) | ||||||||
1.20 | 1.45 | 1.40 | 1.21 | 0.64 | 1.25 | 0.59 | 0.65 | 0.59 |
Diluted | ||||||||
Continuing operations (in dollars per share) | ||||||||
1.17 | 1.44 | 1.36 | 0.91 | 0.72 | 1.39 | - | - | - |
Discontinued operations (in dollars per share) | ||||||||
0.00 | 0.00 | 0.02 | 0.29 | -0.09 | -0.16 | - | - | - |
Diluted net income per share (in dollars per share) | ||||||||
1.17 | 1.44 | 1.38 | 1.20 | 0.63 | 1.23 | 0.58 | 0.64 | 0.58 |
Shares used in the calculation of net income per share: | ||||||||
Weighted average common shares outstanding - basic (in shares) | ||||||||
22,672 | 22,515 | 22,661 | 22,497 | 22,270 | 21,946 | 22,084 | 22,365 | 22 |
Weighted average common shares outstanding - diluted (in shares) | ||||||||
23,135 | 22,797 | 22,883 | 22,787 | 22,575 | 22,381 | 22,462 | 22,858 | 22 |
Cash dividends declared per share (in dollars per share) | ||||||||
0.60 | 0.52 | 0.44 | 0.40 | 0.00 | 1.00 | 0.00 | 0.00 | - |