International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Income
(In thousands except per share amounts) |
| Q1 FY04 |
Three Months Ended
September 30, |
|
|
2003 |
|
2002 |
| Revenues |
$ |
234,129 |
$ |
212,161 |
| Cost of sales |
|
149,985 |
|
137,886 |
| Gross profit |
|
84,144 |
|
74,275 |
| Selling and administrative expense |
|
36,583 |
|
34,791 |
| Research and development expense |
|
20,663 |
|
19,531 |
| Amortization of acquisition-related intangibles |
|
1,389 |
|
1,327 |
| Impairment of assets, restructuring, serance and other charges |
|
4,029 |
|
3,838 |
| Other income (expense): |
|
261 |
|
(308) |
| Interest, net |
|
(795) |
|
661 |
| Income before income taxes |
|
22,014 |
|
14,435 |
| Provision for income taxes |
|
5,283 |
|
3,464 |
Net income |
$ |
16,731 |
$ |
10,971 |
| Net income per common share |
|
|
|
|
| Basic |
$ |
0.26 |
$ |
0.17 |
| Diluted |
$ |
0.25 |
$ |
0.17 |
| Average common shares outstanding - Basic |
|
64,496 |
|
63,800 |
| Average common shares and potentially dilutive securities outstanding - Diluted |
|
66,869 |
|
64,744 |
|
|
