International Rectifier Corporation and Subsidiaries
Unaudited Consolidated Statement of Operations
(In thousands except per share amounts) |
| Q4 FY98 |
Three Months Ended
June 30, |
Twelve Months Ended
June 30, |
|
|
1998 |
|
1997 |
|
1998 |
|
1997 |
| Revenues |
$ |
133,782 |
$ |
130,177 |
$ |
551,891 |
$ |
486,127 |
| Cost of sales |
|
94,933 |
|
88,586 |
|
375,727 |
|
323,067 |
| Gross profit |
|
38,849 |
|
41,591 |
|
176,164 |
|
163,060 |
| Selling and administrative expense |
|
25,551 |
|
27,336 |
|
104,661 |
|
105,954 |
| Research and development expense |
|
10,827 |
|
9,692 |
|
39,132 |
|
35,495 |
| Impairment of assets and restructuring charge |
|
- |
|
71,000 |
|
- |
|
71,000 |
| Operating profit |
|
2,471 |
|
(66,437) |
|
32,371 |
|
(49,389) |
| Other income (expense): |
|
|
|
|
|
|
|
|
| Interest, net |
|
(1,780) |
|
(1,368) |
|
(7,288) |
|
(4,015) |
| Other, net |
|
(99) |
|
136 |
|
(494) |
|
714 |
| Income (loss) before income taxes |
|
592 |
|
(67,669) |
|
24,589 |
|
(52,690) |
| Provision for income taxes |
|
195 |
|
(14,128) |
|
8,114 |
|
(9,484) |
| Net income (loss) |
$ |
397 |
$ |
(53,541) |
$ |
16,475 |
$ |
(43,206) |
| Net income (loss) per share |
|
|
|
|
|
|
|
|
| Basic |
$ |
0.01 |
$ |
(1.04) |
$ |
0.32 |
$ |
(0.84) |
| Diluted |
$ |
0.01 |
$ |
(1.04) |
$ |
0.32 |
$ |
(0.84) |
Average common and common
equivalent shares outstanding |
|
|
|
|
|
|
|
|
| Basic |
|
51,338 |
|
51,047 |
|
51,248 |
|
50,980 |
| Diluted |
|
51,507 |
|
51,047 |
|
51,674 |
|
51,307 |
|
|
