Key Financial Results
| (in millions, except percentages and per ADS amounts) | GAAP | Non-GAAP | |||||||||||||||||
| 3Q 2016 | 2Q 2016 | 3Q 2015 | 3Q 2016 | 2Q 2016 | 3Q 2015 | ||||||||||||||
| Revenue | $ | 158.6 | $ | 140.7 | $ | 95.4 | $ | 158.6 | $ | 140.7 | $ | 95.4 | |||||||
| Gross profit
Percent of revenue | $ | 77.4
48.8 |
% | $ | 68.1
48.4 |
% | $
| 49.1
51.5 |
% | $ | 77.6
48.9 |
% | $ | 68.1
48.4 |
% | $ | 49.2
51.6 |
% | |
| Operating expenses | $ | 38.9 | $ | 31.9 | $ | 29.7 | $ | 32.0 | $ | 30.9 | $ | 25.8 | |||||||
| Operating income
Percent of revenue | $ | 38.5
24.3 |
% | $ | 36.2
25.7 |
% | $
| 19.4
20.4 |
% | $ | 45.5
28.7 |
% | $ | 37.2
26.5 |
% | $ | 23.4
24.5 |
% | |
| Earnings per diluted ADS | $ | 0.92 | $ | 0.82 | $ | 0.38 | $ | 1.07 | $ | 0.86 | $ | 0.57 | |||||||
Other Financial Information
| (in millions) | 3Q 2016 | 2Q 2016 | 3Q 2015 | ||||||
| Cash and cash equivalents, and short-term investments | $ | 269.2 | $ | 219.1 | $ | 183.7 | |||
| Capital Expenditures | $ | 2.8 | $ | 4.9 | $ | 4.6 | |||
| Dividend payments | $ | 5.3 | $ | 5.3 | $ | 5.2 | |||
During the third quarter, we had $2.8 million of capital expenditures for the routine purchase of software and design tools.
