International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q3 FY97 |
Three Months Ended
March 31, |
Nine Months Ended
March 31, |
|
|
1997 |
|
1996 |
|
1997 |
|
1996 |
| Revenues |
$ |
122,750 |
$ |
154,070 |
$ |
355,950 |
$ |
421,193 |
| Cost of sales |
|
80,428 |
|
93,976 |
|
234,481 |
|
259,899 |
| Gross profit |
|
42,322 |
|
60,094 |
|
121,469 |
|
161,294 |
| Selling and administrative expense |
|
26,098 |
|
26,634 |
|
78,618 |
|
74,980 |
| Research and development expense |
|
9,144 |
|
7,185 |
|
25,803 |
|
19,197 |
| Operating profit |
|
7,080 |
|
26,275 |
|
17,048 |
|
67,117 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(1,515) |
|
(560) |
|
(2,647) |
|
(279) |
| Other, net |
|
50 |
|
283 |
|
578 |
|
(367) |
| Income before income taxes |
|
5,615 |
|
25,998 |
|
14,979 |
|
66,471 |
| Provision for income taxes |
|
1,741 |
|
7,987 |
|
4,644 |
|
20,412 |
|
$ |
3,874 |
$ |
18,011 |
$ |
10,335 |
$ |
46,059 |
| Net income per share |
$ |
0.08 |
$ |
0.35 |
$ |
0.20 |
$ |
0.90 |
Average common and common
equivalent shares outstanding |
|
51,430 |
|
51,363 |
|
51,394 |
|
51,326
|
|
|
