| Jan'20 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Sales | ||||||||
751,020 | 619,225 | 475,633 | 403,077 | 366,798 | 306,734 | 272,746 | 235,869 | 197,739 |
Cost of sales | ||||||||
508,285 | 413,729 | 321,143 | 276,689 | 254,756 | 212,314 | 192,617 | 173,040 | 140,849 |
Gross profit | ||||||||
242,735 | 205,496 | 154,490 | 126,388 | 112,042 | 94,420 | 80,129 | 62,829 | 56,890 |
Operating expenses: | ||||||||
Sales and marketing | ||||||||
42,794 | 37,296 | 27,905 | 25,796 | 23,182 | 19,192 | 14,153 | 12,570 | 11,748 |
Research and development | ||||||||
31,789 | 25,847 | 20,178 | 18,459 | 17,001 | 13,642 | 10,409 | 9,727 | 9,750 |
General and administrative | ||||||||
48,999 | 41,756 | 34,933 | 27,693 | 21,053 | 17,683 | 11,408 | 9,063 | 7,588 |
Amortization of purchased intangibles | ||||||||
6,344 | 6,065 | 2,986 | 2,988 | 8,525 | 6,424 | 5,378 | 5,315 | 5,217 |
Fair value adjustment of contingent consideration and acquisition-related compensation | ||||||||
0 | 0 | 1,447 | 5,911 | 6,937 | 2,856 | 0 | 0 | - |
Total operating expenses | ||||||||
129,926 | 110,964 | 87,449 | 80,847 | 76,698 | 59,797 | 41,348 | 36,675 | 34,303 |
Income from operations | ||||||||
112,809 | 94,532 | 67,041 | 45,541 | 35,344 | 34,623 | 38,781 | 26,154 | 22,587 |
Other expense, net: | ||||||||
Interest expense | ||||||||
3,173 | 3,059 | 2,396 | 2,088 | 1,549 | 999 | 4,125 | 3,486 | 1,982 |
Other expense (income) | ||||||||
-1,067 | -583 | -360 | -363 | 449 | 693 | 12 | -277 | -13 |
Other expense, net | ||||||||
-4,240 | -3,642 | -2,756 | -2,451 | -1,100 | -306 | -4,113 | -3,763 | -1,995 |
Income before income taxes | ||||||||
108,569 | 90,890 | 64,285 | 43,090 | 34,244 | 34,317 | 34,668 | 22,391 | 20,592 |
Provision for income taxes | ||||||||
14,099 | 5,523 | 21,102 | 7,415 | 9,290 | 6,631 | 10,566 | 8,181 | 7,054 |
Net income | ||||||||
94,470 | 85,367 | 43,183 | 35,675 | 24,954 | - | - | - | - |
Less: net income attributable to non-controlling interest | ||||||||
1,437 | 1,327 | 55 | 0 | 0 | - | - | - | - |
Net income attributable to FOX stockholders | ||||||||
93,033 | 84,040 | 43,128 | 35,675 | 24,954 | 27,686 | 24,102 | 14,210 | 13,538 |
Earnings per share: | ||||||||
Basic (in dollars per share) | ||||||||
2.43 | 2.22 | 1.15 | 0.97 | 0.67 | 0.75 | 0.70 | 0.44 | 0.45 |
Diluted (in dollars per share) | ||||||||
2.38 | 2.16 | 1.11 | 0.94 | 0.66 | 0.73 | 0.68 | 0.44 | 0.42 |
Weighted average shares used to compute earnings per share: | ||||||||
Basic (in shares) | ||||||||
38,333 | 37,805 | 37,373 | 36,799 | 36,989 | 36,756 | 34,571 | 32,059 | 30,030 |
Diluted (in shares) | ||||||||
39,155 | 38,956 | 38,738 | 37,801 | 37,894 | 37,807 | 35,705 | 32,515 | 32,295 |