| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue: | ||||||||||
Royalties, primarily from SEN | ||||||||||
- | - | - | - | - | - | - | - | - | - | 389 |
Revenue | ||||||||||
342,958 | 442,575 | 410,561 | 266,980 | 301,495 | 203,051 | 195,632 | 203,385 | 319,416 | 275,212 | 133,022 |
Cost of revenue: | ||||||||||
Cost of revenue | ||||||||||
198,806 | 262,939 | 260,314 | 167,382 | 199,789 | 132,887 | 127,697 | 145,214 | 204,679 | 189,374 | 104,958 |
Gross profit | ||||||||||
144,152 | 179,636 | 150,247 | 99,598 | 101,706 | 70,164 | 67,935 | 58,171 | 114,737 | 85,838 | 28,064 |
Operating expenses: | ||||||||||
Research and development | ||||||||||
53,931 | 51,876 | 43,071 | 34,402 | 32,586 | 33,533 | 34,756 | 40,401 | 47,176 | 39,524 | 32,661 |
Sales and marketing | ||||||||||
34,290 | 34,608 | 28,532 | 23,839 | 23,325 | 20,713 | 21,159 | 25,889 | 29,255 | 27,549 | 25,209 |
General and administrative | ||||||||||
31,726 | 33,193 | 30,802 | 24,452 | 25,059 | 23,958 | 25,471 | 26,554 | 31,174 | 32,132 | 34,087 |
Gain on sale of dry strip assets and intellectual property | ||||||||||
- | - | - | - | - | - | 1,167 | 7,904 | - | - | - |
Restructuring charges | ||||||||||
- | - | - | 282 | 18 | 2,621 | 2,334 | 4,169 | - | - | 5,541 |
Total operating expenses | ||||||||||
119,947 | 119,677 | 102,405 | 82,975 | 80,988 | 80,825 | 82,553 | 89,109 | 107,605 | 99,205 | 97,498 |
Income from operations | ||||||||||
24,205 | 59,959 | 47,842 | 16,623 | 20,718 | -10,661 | -14,618 | -30,938 | 7,132 | -13,367 | -69,434 |
Other (expense) income: | ||||||||||
Gain on sale of SEN | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,080 |
Equity loss of SEN | ||||||||||
- | - | - | - | - | - | - | - | - | - | -3,238 |
Interest income | ||||||||||
2,955 | 2,328 | 714 | 238 | 64 | 32 | 44 | 45 | 42 | 96 | 181 |
Interest expense | ||||||||||
5,155 | 5,110 | 5,121 | 5,073 | 4,976 | 1,069 | 457 | - | - | - | 1,676 |
Other, net | ||||||||||
-1,083 | -2,472 | 396 | -764 | -601 | 1,531 | -1,073 | -1,495 | 297 | -3,990 | -3,516 |
Total other expense | ||||||||||
-3,283 | -5,254 | -4,011 | -5,599 | -5,513 | 494 | -1,486 | -1,450 | 339 | -3,894 | -7,169 |
Income before income taxes | ||||||||||
20,922 | 54,705 | 43,831 | 11,024 | 15,205 | -10,167 | -16,104 | -32,388 | 7,471 | -17,261 | -76,603 |
Income tax provision | ||||||||||
3,888 | 8,820 | -83,128 | 23 | 527 | 1,099 | 1,040 | 1,646 | 2,394 | 312 | 865 |
Net income | ||||||||||
17,034 | 45,885 | 126,959 | 11,001 | 14,678 | -11,266 | -17,144 | -34,034 | 5,077 | -17,573 | -77,468 |
Net income per share: | ||||||||||
Basic (in dollars per share) | ||||||||||
0.52 | 1.42 | 4.11 | 0.38 | 0.51 | -0.40 | -0.16 | -0.32 | 0.05 | -0.17 | -0.75 |
Diluted (in dollars per share) | ||||||||||
0.50 | 1.35 | 3.80 | 0.36 | 0.49 | -0.40 | -0.16 | -0.32 | 0.05 | -0.17 | -0.75 |
Shares used in computing net income per share: | ||||||||||
Basic weighted average common shares | ||||||||||
32,559 | 32,286 | 30,866 | 29,195 | 28,595 | 27,862 | 108,869 | 107,619 | 106,234 | 104,522 | 103,586 |
Diluted weighted average common shares | ||||||||||
33,828 | 34,002 | 33,436 | 30,947 | 30,229 | 27,862 | 108,869 | 107,619 | 109,098 | 104,522 | 103,586 |
Product | ||||||||||
Revenue | ||||||||||
319,505 | 415,922 | 387,124 | 244,295 | 278,875 | 179,246 | 169,587 | 174,309 | 287,324 | 242,771 | 98,716 |
Cost of revenue | ||||||||||
175,732 | 236,446 | 234,932 | 149,007 | 181,060 | 113,285 | 106,678 | 123,593 | 181,241 | 168,047 | 84,185 |
Services | ||||||||||
Revenue | ||||||||||
23,453 | 26,653 | 23,437 | 22,685 | 22,620 | 23,805 | 26,045 | 29,076 | 32,092 | 32,441 | 33,917 |
Cost of revenue | ||||||||||
23,074 | 26,493 | 25,382 | 18,375 | 18,729 | 19,602 | 21,019 | 21,621 | 23,438 | 21,327 | 20,773 |