International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Income
(In thousands except per share amounts) |
| Q1 FY99 |
Three Months Ended
September 30, |
|
|
1998 |
|
1997 |
| Revenues |
$ |
127,493 |
$ |
133,111 |
| Cost of sales |
|
91,283 |
|
88,160 |
| Gross profit |
|
36,210 |
|
44,951 |
| Selling and administrative expense |
|
24,207 |
|
25,348 |
| Research and development expense |
|
10,021 |
|
8,731 |
| Operating profit |
|
1,982 |
|
10,872 |
| Other income (expense): |
|
|
|
|
| Interest, net |
|
(2,451) |
|
(1,627) |
| Other, net |
|
518 |
|
(148) |
| Income before income taxes |
|
49 |
|
9,097 |
| Provision for income taxes |
|
15 |
|
3,002 |
| Net income |
$ |
34 |
$ |
6,095 |
| Net income per common share - Basic |
$ |
0.00 |
$ |
0.12 |
| Net income per common share - Diluted |
$ |
0.00 |
$ |
0.12 |
| Average common shares outstanding - Basic |
|
51,514 |
|
51,150 |
| Average common shares and potentially dilutive |
|
|
|
|
| securities outstanding - Diluted |
|
51,519 |
|
52,011 |
|
|
