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FORMFACTOR, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) | |||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||
| July 1, 2017 | June 25, 2016 | July 1, 2017 | June 25, 2016 | ||||||||||||
| Revenues | $ | 143,976 | $ | 83,083 | $ | 272,805 | $ | 136,694 | |||||||
| Cost of revenues | 82,209 | 57,656 | 163,467 | 101,475 | |||||||||||
| Gross profit | 61,767 | 25,427 | 109,338 | 35,219 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development | 18,542 | 11,133 | 35,956 | 21,982 | |||||||||||
| Selling, general and administrative | 23,602 | 14,030 | 46,431 | 26,546 | |||||||||||
| Restructuring and impairment charges, net | 44 | 6,910 | 313 | 6,910 | |||||||||||
| Total operating expenses | 42,188 | 32,073 | 82,700 | 55,438 | |||||||||||
| Operating income (loss) | 19,579 | (6,646 | ) | 26,638 | (20,219 | ) | |||||||||
| Interest income | 93 | 99 | 160 | 216 | |||||||||||
| Interest expense | (1,162 | ) | (11 | ) | (2,337 | ) | (11 | ) | |||||||
| Other income (expense), net | 107 | (302 | ) | (292 | ) | (616 | ) | ||||||||
| Income (loss) before income taxes | 18,617 | (6,860 | ) | 24,169 | (20,630 | ) | |||||||||
| Provision (benefit) for income taxes | 1,040 | (43,744 | ) | 1,407 | (43,714 | ) | |||||||||
| Net income | $ | 17,577 | $ | 36,884 | $ | 22,762 | $ | 23,084 | |||||||
| Net income per share: | |||||||||||||||
| Basic | $ | 0.24 | $ | 0.62 | $ | 0.32 | $ | 0.39 | |||||||
| Diluted | $ | 0.24 | $ | 0.61 | $ | 0.31 | $ | 0.39 | |||||||
| Weighted-average number of shares used in per share calculations: | |||||||||||||||
| Basic | 72,200 | 59,572 | 71,821 | 59,001 | |||||||||||
| Diluted | 73,539 | 59,988 | 73,185 | 59,639 | |||||||||||
