Financial Summary (All financials)
In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
Revenues | 130.1 | 121.5 | 115.2 | 107.9 | 111.5 | 116.3 | 111.7 | 127.6 |
Revenue growth | 7.1% | 5.5% | 6.8% | -3.2% | -4.1% | 4.1% | -12.5% | -2.7% |
Cost of goods sold | 27.3 | 25.4 | 27.8 | 27.5 | 26.5 | 21.6 | 15.7 | 20.3 |
Gross profit | 102.8 | 96.1 | 87.5 | 80.4 | 85.1 | 94.7 | 96.0 | 107.3 |
Gross margin | 79.0% | 79.1% | 75.9% | 74.5% | 76.3% | 81.4% | 85.9% | 84.1% |
Sales and marketing | 38.7 | 36.0 | 36.3 | 36.0 | 33.6 | 30.8 | 30.6 | 28.0 |
Research and development | 16.4 | 16.5 | 17.4 | 18.5 | 17.3 | 17.0 | 14.5 | 14.9 |
General and administrative | 13.4 | 13.1 | 15.3 | 15.0 | 16.3 | 13.0 | 12.0 | 12.3 |
EBIT | 34.3 | 30.5 | 18.5 | 10.9 | 17.8 | 33.9 | 38.9 | 52.1 |
EBIT margin | 26.3% | 25.1% | 16.1% | 10.1% | 16.0% | 29.1% | 34.8% | 40.8% |
Pre-tax income | 34.5 | 31.0 | -28.6 | 12.1 | 19.0 | 24.8 | 22.7 | 32.5 |
Income taxes | 10.7 | 11.1 | 5.8 | 4.5 | 7.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 30.8% | 35.7% | | 37.5% | 37.0% | 0.0% | 0.0% | 0.0% |
Net income | 23.9 | 19.9 | -34.4 | 7.6 | 12.0 | 24.8 | 22.7 | 32.5 |
Net margin | 18.4% | 16.4% | -29.9% | 7.0% | 10.8% | 21.3% | 20.3% | 25.5% |
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Diluted EPS | $0.82 | $0.68 | ($1.18) | $0.26 | $0.41 | $0.80 | $0.73 | $1.04 |
Shares outstanding (diluted) | 29.1 | 29.3 | 29.2 | 29.1 | 29.3 | 30.9 | 31.1 | 31.3 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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