| Xcerra Corporation | ||||||||||||||
| Consolidated Statements of Operations | ||||||||||||||
| (in thousands, except earnings per share data) | ||||||||||||||
| (unaudited) | ||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||
| January 31, | January 31, | |||||||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||||||
| Net sales | $ | 72,334 | $ | 83,453 | $ | 150,735 | $ | 199,674 | ||||||
| Cost of sales | 41,729 | 46,790 | 87,998 | 109,812 | ||||||||||
| Gross profit | 30,605 | 36,663 | 62,737 | 89,862 | ||||||||||
| Engineering and product development expenses | 14,834 | 15,625 | 29,897 | 31,695 | ||||||||||
| Selling, general, and administrative expenses | 18,907 | 18,262 | 36,860 | 40,413 | ||||||||||
| Amortization of purchased intangible assets | 296 | 449 | 710 | 984 | ||||||||||
| Restructuring | 252 | 230 | 384 | 938 | ||||||||||
| Income (loss) from continuing operations | (3,684 | ) | 2,097 | (5,114 | ) | 15,832 | ||||||||
| Other income, net | 449 | 4,058 | 1,912 | 3,579 | ||||||||||
| Income (loss) from continuing operations before provision for income taxes | (3,235 | ) | 6,155 | (3,202 | ) | 19,411 | ||||||||
| Provision for income taxes | 692 | 1,563 | 1,603 | 2,326 | ||||||||||
| Income (loss) from continuing operations | (3,927 | ) | 4,592 | (4,805 | ) | 17,085 | ||||||||
| Income (loss) from discontinued operations, net of tax | 8,363 | (663 | ) | 7,576 | (1,094 | ) | ||||||||
| Net income | $ | 4,436 | $ | 3,929 | $ | 2,771 | $ | 15,991 | ||||||
| Basic net income (loss) per share: | ||||||||||||||
| Net income (loss) from continuing operations | $ | (0.07 | ) | $ | 0.08 | $ | (0.09 | ) | $ | 0.32 | ||||
| Net income (loss) from discontinued operations, net of tax | 0.16 | (0.01 | ) | 0.14 | (0.02 | ) | ||||||||
| Basic net income (loss) per share | $ | 0.08 | $ | 0.07 | $ | 0.05 | $ | 0.30 | ||||||
| Diluted net income (loss) per share: | ||||||||||||||
| Net income (loss) from continuing operations | $ | (0.07 | ) | $ | 0.08 | $ | (0.09 | ) | $ | 0.32 | ||||
| Net income (loss) from discontinued operations, net of tax | 0.16 | (0.01 | ) | 0.14 | (0.02 | ) | ||||||||
| Diluted net income (loss) per share | $ | 0.08 | $ | 0.07 | $ | 0.05 | $ | 0.30 | ||||||
| Weighted-average common shares used in computing net income (loss) per share: | ||||||||||||||
| Basic | 53,608 | 54,362 | 54,049 | 52,745 | ||||||||||
| Diluted | 53,608 | 54,667 | 54,141 | 53,510 | ||||||||||
Xcerra Announces Second Quarter Results
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