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| DIODES INCORPORATED AND SUBSIDIARIES | ||||||||
| CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS | ||||||||
|
(unaudited) |
||||||||
|
(in thousands, except per share data) |
||||||||
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2014 | 2013 | |||||||
| NET SALES | $ | 209,986 | $ | 176,964 | ||||
| COST OF GOODS SOLD | 148,405 | 130,781 | ||||||
| Gross profit | 61,581 | 46,183 | ||||||
| OPERATING EXPENSES | ||||||||
| Selling, general and administrative | 32,330 | 30,376 | ||||||
| Research and development | 12,920 | 10,080 | ||||||
| Amortization of acquisition related intangible assets | 1,981 | 1,909 | ||||||
| Loss on sale of assets | 7 | 42 | ||||||
| Total operating expenses | 47,238 | 42,407 | ||||||
| Income from operations | 14,343 | 3,776 | ||||||
| OTHER INCOME (EXPENSES) | ||||||||
| Interest income | 397 | 80 | ||||||
| Interest expense | (1,260 | ) | (945 | ) | ||||
| Gain (loss) on securities carried at fair value | (256 | ) | 366 | |||||
| Other | (231 | ) | 1,020 | |||||
| Total other income (expenses) | (1,350 | ) | 521 | |||||
| Income before income taxes and noncontrolling interest | 12,993 | 4,297 | ||||||
| INCOME TAX PROVISION | 2,547 | 6,574 | ||||||
| NET INCOME (LOSS) | 10,446 | (2,277 | ) | |||||
| Less: NET LOSS (INCOME) attributable to noncontrolling interest | (244 | ) | 351 | |||||
| NET INCOME (LOSS) attributable to common stockholders | $ | 10,202 | $ | (1,926 | ) | |||
| EARNINGS (LOSS) PER SHARE attributable to common stockholders | ||||||||
| Basic | $ | 0.22 | $ | (0.04 | ) | |||
| Diluted | $ | 0.21 | $ | (0.04 | ) | |||
| Number of shares used in computation | ||||||||
| Basic | 46,699 | 46,021 | ||||||
| Diluted | 47,996 | 46,201 | ||||||
Note: Throughout this release, we refer to “net income attributable to
common stockholders” as “net income.”
