Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Unaudited)

v3.10.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Sales revenue $ 89,712 $ 63,137 $ 255,283 $ 167,141
Rental revenue 5,579 5,893 16,297 18,510
Total revenue 95,291 69,030 271,580 185,651
Cost of revenue        
Cost of sales revenue 42,810 31,401 124,726 81,307
Cost of rental revenue, including depreciation of $1,689 and $2,366 for the three months ended and $5,820 and $7,577 for the nine months ended,respectively 3,668 4,459 11,844 13,863
Total cost of revenue 46,478 35,860 136,570 95,170
Gross profit        
Gross profit-sales revenue 46,902 31,736 130,557 85,834
Gross profit-rental revenue 1,911 1,434 4,453 4,647
Total gross profit 48,813 33,170 135,010 90,481
Operating expense        
Research and development 2,096 1,375 5,287 3,944
Sales and marketing 26,339 13,095 67,376 35,569
General and administrative 9,982 10,368 29,230 28,568
Total operating expense 38,417 24,838 101,893 68,081
Income from operations 10,396 8,332 33,117 22,400
Other income (expense)        
Interest income 895 221 2,111 468
Other income (expense) 8 264 (596) 994
Total other income, net 903 485 1,515 1,462
Income before provision (benefit) for income taxes 11,299 8,817 34,632 23,862
Provision (benefit) for income taxes (5,133) 1,479 (7,168) 2,254
Net income 16,432 7,338 41,800 21,608
Other comprehensive income (loss), net of tax        
Change in foreign currency translation adjustment (47) 115 137 312
Change in net unrealized gains (losses) on foreign currency hedging 102 (196) 577 (442)
Less: reclassification adjustment for net (gains) losses included in net income (354) 305 (286) 297
Total net change in unrealized gains (losses) on foreign currency hedging (252) 109 291 (145)
Change in net unrealized gains (losses) on available-for-sale investments 3 13 3 71
Total other comprehensive income (loss), net of tax (296) 237 431 238
Comprehensive income $ 16,136 $ 7,575 $ 42,231 $ 21,846
Basic net income per share attributable to common stockholders (Note 5) $ 0.77 $ 0.35 $ 1.97 $ 1.05
Diluted net income per share attributable to common stockholders (Note 5) $ 0.73 $ 0.33 $ 1.86 $ 0.99
Weighted-average number of shares used in calculating net income per share attributable to common stockholders:        
Basic common shares 21,324,256 20,753,789 21,175,286 20,622,848
Diluted common shares 22,659,052 21,998,660 22,512,125 21,832,544