International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q3 FY98 |
Three Months Ended
March 31, |
Nine Months Ended
March 31, |
|
|
1998 |
|
1997 |
|
1998 |
|
1997 |
| Revenues |
$ |
140,376 |
$ |
122,750 |
$ |
418,109 |
$ |
355,950 |
| Cost of sales |
|
95,862 |
|
80,428 |
|
280,794 |
|
234,481 |
| Gross profit |
|
44,514 |
|
42,322 |
|
137,315 |
|
121,469 |
| Selling and administrative expense |
|
26,774 |
|
26,098 |
|
79,110 |
|
78,618 |
| Research and development expense |
|
10,796 |
|
9,144 |
|
28,305 |
|
25,803 |
| Impairment of assets and restructuring charge |
|
0 |
|
- |
|
0 |
|
- |
| Operating profit |
|
6,944 |
|
7,080 |
|
29,900 |
|
17,048 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(1,948) |
|
(1,515) |
|
(5,508) |
|
(2,647) |
| Other, net |
|
(94) |
|
50 |
|
(395) |
|
578 |
| Income before income taxes |
|
4,902 |
|
5,615 |
|
23,997 |
|
14,979 |
| Provision for income taxes |
|
1,618 |
|
1,741 |
|
7,919 |
|
4,644 |
| Net income |
$ |
3,284 |
$ |
3,874 |
$ |
16,078 |
$ |
10,335 |
| Net income per share |
$ |
0.06 |
$ |
0.08 |
$ |
0.31 |
$ |
0.20 |
Average common and common
equivalent shares outstanding |
|
51,570 |
|
51,430 |
|
51,731 |
|
51,394 |
|
|
