International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q3 FY99 |
Three Months Ended
March 31, |
Nine Months Ended
March 31, |
| |
|
1999 |
|
1998 |
|
1999 |
|
1998 |
| Revenues |
$ |
137,550 |
$ |
140,376 |
$ |
397,880 |
$ |
418,109 |
| Cost of sales |
|
97,669 |
|
95,862 |
|
285,636 |
|
280,794 |
| Gross profit |
|
39,881 |
|
44,514 |
|
112,244 |
|
137,315 |
| Selling and administrative expense |
|
24,575 |
|
26,774 |
|
73,180 |
|
79,110 |
| Research and development expense |
|
10,147 |
|
10,796 |
|
30,565 |
|
28,305 |
| Restructuring charges |
|
4,200 |
|
- |
|
16,200 |
|
- |
| Operating profit (loss) |
|
959 |
|
6,944 |
|
(7,701) |
|
29,900 |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(2,855) |
|
(1,948) |
|
(8,211) |
|
(5,508) |
| Other, net |
|
7,954 |
|
(94) |
|
52,301 |
|
(395) |
| Income before income taxes |
|
6,058 |
|
4,902 |
|
36,389 |
|
23,997 |
| Provision for income taxes |
|
2,054 |
|
1,618 |
|
12,557 |
|
7,919 |
| Net income |
$ |
4,004 |
$ |
3,284 |
$ |
23,832 |
$ |
16,078 |
| Net income per common share - Basic |
$ |
0.08 |
$ |
0.06 |
$ |
0.46 |
$ |
0.31 |
| Net income per common share - Diluted |
$ |
0.08 |
$ |
0.06 |
$ |
0.46 |
$ |
0.31 |
| Average common shares outstanding - Basic |
|
51,681 |
|
51,319 |
|
51,576 |
|
51,219 |
| Average common shares and potentially dilutive securities outstanding - Diluted |
|
51,802 |
|
51,570 |
|
51,671 |
|
51,731 |
|
|
