| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net revenues | ||||||||||
262,977 | 291,220 | 227,830 | 200,280 | 220,194 | 225,731 | 199,160 | 218,507 | 252,968 | 250,733 | 197,959 |
Cost of revenues | ||||||||||
140,011 | 152,249 | 126,174 | 109,071 | 120,676 | 128,611 | 117,681 | 126,856 | 146,274 | 136,213 | 110,365 |
Gross margin | ||||||||||
122,966 | 138,971 | 101,656 | 91,209 | 99,518 | 97,120 | 81,479 | 91,651 | 106,694 | 114,520 | 87,594 |
Operating expenses: | ||||||||||
Selling, general and administrative | ||||||||||
62,557 | 62,224 | 58,092 | 55,675 | 58,313 | 68,197 | 60,737 | 55,655 | 54,041 | 49,417 | 47,932 |
Research and development | ||||||||||
46,588 | 44,286 | 44,924 | 41,848 | 41,472 | 41,479 | 39,848 | 38,744 | 38,967 | 35,981 | 31,636 |
Severance and other charges | ||||||||||
- | 402 | - | - | - | 2,207 | 1,361 | - | - | - | 4,099 |
Impairment of goodwill | ||||||||||
- | - | - | - | - | - | - | 2,012 | - | - | - |
Gain from litigation-related settlement | ||||||||||
- | - | - | - | - | - | - | 1,975 | - | - | 846 |
Total operating expenses | ||||||||||
109,145 | 106,912 | 103,016 | 97,523 | 99,785 | 111,883 | 101,946 | 94,436 | 93,008 | 85,398 | 82,821 |
(Loss) income from operations | ||||||||||
13,821 | 32,059 | -1,360 | -6,314 | -267 | -14,763 | -20,467 | -2,785 | 13,686 | 29,122 | 4,773 |
Other income (expense), net: | ||||||||||
Total unrealized gains on available-for-sale securities, net | ||||||||||
-16 | 1 | 17 | -18 | -49 | 750 | -54 | 511 | 1,206 | -271 | 759 |
Less: portion of gains recognized in other comprehensive income | ||||||||||
20 | 6 | -6 | 31 | 61 | -439 | -24 | -520 | -904 | 125 | -1,223 |
Net credit gains recognized in earnings | ||||||||||
4 | 7 | 11 | 13 | 12 | 311 | -78 | -9 | 302 | 146 | 464 |
Other income (expense), net | ||||||||||
1,062 | 867 | 1,251 | 271 | 13 | -43 | 80 | 203 | 44 | 643 | 1,146 |
Total other income (expense), net | ||||||||||
1,066 | 874 | 1,262 | 284 | 25 | 268 | 2 | 194 | 346 | 497 | 682 |
(Loss) income before income taxes | ||||||||||
14,887 | 32,933 | -98 | -6,030 | -242 | -14,495 | -20,465 | -2,591 | 14,032 | 29,619 | 5,455 |
Less: (Benefit) provision for income taxes | ||||||||||
778 | 1,087 | -356 | 231 | -401 | -425 | 3,039 | 1,207 | 4,723 | -3,920 | 1,362 |
Gain from sale of equity method investment, net of tax | ||||||||||
- | - | - | - | 5,000 | - | - | - | - | - | - |
Consolidated net (loss) income | ||||||||||
14,109 | 31,846 | 258 | -6,261 | 5,159 | -14,070 | -23,504 | -3,798 | 9,309 | 33,539 | 4,093 |
Less: Net income attributable to noncontrolling interest | ||||||||||
11 | 121 | 91 | -14 | 232 | -183 | 136 | 279 | 466 | 214 | 1,295 |
Net (loss) income attributable to Vicor Corporation | ||||||||||
14,098 | 31,725 | 167 | -6,247 | 4,927 | -13,887 | -23,640 | -4,077 | 8,843 | 33,325 | 2,798 |
Net (loss) income per common share attributable to Vicor Corporation: | ||||||||||
Basic | ||||||||||
0.35 | 0.80 | 0.00 | -0.16 | 0.13 | -0.36 | -0.60 | -0.10 | 0.21 | 0.80 | 0.07 |
Diluted | ||||||||||
0.34 | 0.78 | 0.00 | -0.16 | 0.13 | -0.36 | -0.60 | -0.10 | 0.21 | 0.80 | 0.07 |
Shares used to compute net (loss) income per common share attributable to Vicor Corporation: | ||||||||||
Basic | ||||||||||
40,330 | 39,872 | 39,228 | 38,842 | 38,754 | 38,569 | 39,195 | 41,811 | 41,797 | 41,700 | 41,665 |
Diluted | ||||||||||
41,677 | 40,729 | 39,933 | 38,842 | 39,146 | 38,569 | 39,195 | 41,811 | 41,856 | 41,772 | 41,671 |
Cash dividends declared per share | ||||||||||
- | - | - | - | - | - | - | - | 0.15 | 0.30 | - |