| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | ||
|---|---|---|---|---|---|---|
Revenues, net | ||||||
780,600 | 773,400 | 698,100 | 620,100 | 632,300 | ||
Cost of revenues | ||||||
523,900 | 519,500 | 444,600 | 371,700 | 381,700 | ||
Gross margin | ||||||
256,700 | 253,900 | 253,500 | 248,400 | 250,600 | ||
Operating expenses: | ||||||
Research and development | ||||||
78,100 | 83,000 | 67,300 | 53,500 | 50,400 | ||
Selling, general and administrative | ||||||
128,100 | 123,400 | 102,500 | 85,800 | 72,700 | ||
Impairment of intangible assets | ||||||
4,800 | 3,000 | 0 | - | - | ||
Total operating expenses | ||||||
211,000 | 209,400 | 169,800 | 139,300 | 123,100 | ||
Operating earnings | ||||||
45,700 | 44,500 | 83,700 | 109,100 | 127,500 | ||
Interest income | ||||||
100 | 200 | 200 | 300 | 500 | ||
Interest expense | ||||||
21,100 | 21,700 | 12,300 | 1,900 | 1,200 | ||
Other income (expense), net | ||||||
-3,200 | 2,700 | 3,200 | -2,500 | 800 | ||
Interest and other expense, net | ||||||
-24,200 | -18,800 | -8,900 | -4,100 | 100 | ||
(Loss) earnings before taxes | ||||||
21,500 | 25,700 | 74,800 | 105,000 | 127,600 | ||
Taxes on earnings | ||||||
5,700 | -2,600 | 22,800 | 36,000 | 46,800 | ||
Net (loss) earnings | ||||||
15,800 | 28,300 | 52,000 | 69,000 | 80,800 | ||
Less: Net earnings attributable to noncontrolling interests | ||||||
300 | 800 | 400 | 500 | 800 | ||
Net (loss) earnings attributable to Varex | ||||||
15,500 | 27,500 | 51,600 | 68,500 | 80,000 | ||
Net (loss) earnings per common share attributable to Varex | ||||||
Basic (in USD per share) | ||||||
0.41 | 0.73 | 1.37 | 1.83 | 2.14 | ||
Diluted (in USD per share) | ||||||
0.40 | 0.72 | 1.36 | 1.82 | 2.12 | ||
Weighted average common shares outstanding | ||||||
Basic (in shares) | ||||||
38,200 | 37,900 | 37,600 | 37,400 | 37,400 | ||
Diluted (in shares) | ||||||
38,600 | 38,400 | 38,000 | 37,700 | 37,700 | ||