International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Income
(In thousands except per share amounts) |
| Q1 FY02 |
Three Months Ended
September 30, |
|
|
2001 |
|
2000 |
| Revenues |
$ |
168,489 |
$ |
249,435 |
| Cost of sales |
|
108,576 |
|
150,732 |
| Gross profit |
|
59,913 |
|
98,703 |
| Selling and administrative expense |
|
30,998 |
|
33,787 |
| Research and development expense |
|
16,898 |
|
14,951 |
| Amortization of acquisition-related intangibles |
|
965 |
|
241 |
| Impairment of assets and restructuring charge |
|
- |
|
- |
| Operating profit |
|
11,052 |
|
49,965 |
| Other income (expense): |
|
|
|
|
| Interest, net |
|
2,200 |
|
5,891 |
| Other, net |
|
(278) |
|
501 |
| Income before income taxes |
|
12,974 |
|
56,116 |
| Provision for income taxes |
|
3,373 |
|
14,029 |
| Net income |
$ |
9,601 |
$ |
42,087 |
| Income (loss) per common share before extraordinary charge and cumulative effect of accounting change |
|
|
|
|
| Basic |
|
|
|
|
| Diluted |
|
|
|
|
Net income per common share |
|
|
|
|
| Basic |
$ |
0.15 |
$ |
0.68 |
| Diluted |
$ |
0.15 |
$ |
0.63 |
| Average common shares outstanding - Basic |
|
63,253 |
|
61,831 |
| Average common shares and potentially dilutive securities outstanding - Diluted |
|
64,937 |
|
66,661 |
|
|
