International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q2 FY97 |
Three Months Ended
December 31, |
Six Months Ended
December 31, |
|
|
1,996 |
|
1,995 |
|
1,996 |
|
1,995 |
| Revenues |
$ |
118,007 |
$ |
141,026 |
$ |
233,200 |
$ |
267,123 |
| Cost of sales |
|
77,672 |
|
87,137 |
|
154,053 |
|
165,923 |
| Gross profit |
|
40,335 |
|
53,889 |
|
79,147 |
|
101,200 |
| Selling and administrative expense |
|
26,331 |
|
25,187 |
|
52,520 |
|
48,346 |
| Research and development expense |
|
8,635 |
|
6,325 |
|
16,659 |
|
12,012 |
| Operating profit |
|
5,369 |
|
22,377 |
|
9,968 |
|
40,842 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(788) |
|
(169) |
|
(1,132) |
|
281 |
| Other, net |
|
352 |
|
(248) |
|
528 |
|
(650) |
| Income before income taxes |
|
4,933 |
|
21,960 |
|
9,364 |
|
40,473 |
| Provision for income taxes |
|
1,529 |
|
6,741 |
|
2,903 |
|
12,425 |
| Net income |
$ |
3,404 |
$ |
15,219 |
$ |
6,461 |
$ |
28,048 |
| Net income per share |
$ |
0.07 |
$ |
0.30 |
$ |
0.13 |
$ |
0.55 |
Average common and common
equivalent shares outstanding |
|
51,327 |
|
51,403 |
|
51,376 |
|
51,308 |
|
|
