Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Comprehensive Income (Unaudited)

v3.19.3
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Sales revenue $ 86,392 $ 89,712 $ 267,073 $ 255,283
Rental revenue 5,369 5,579 15,953 16,297
Total revenue 91,761 95,291 283,026 271,580
Cost of revenue        
Cost of sales revenue 44,769 42,810 134,066 124,726
Cost of rental revenue, including depreciation of $1,482 and $1,689, for the three months ended and $4,781 and $5,820 for the nine months ended, respectively 3,677 3,668 11,021 11,844
Total cost of revenue 48,446 46,478 145,087 136,570
Gross profit        
Gross profit-sales revenue 41,623 46,902 133,007 130,557
Gross profit-rental revenue 1,692 1,911 4,932 4,453
Total gross profit 43,315 48,813 137,939 135,010
Operating expense        
Research and development 2,636 2,096 5,773 5,287
Sales and marketing 24,047 26,339 80,006 67,376
General and administrative 8,525 9,982 27,050 29,230
Total operating expense 35,208 38,417 112,829 101,893
Income from operations 8,107 10,396 25,110 33,117
Other income (expense)        
Interest income 1,149 895 3,877 2,111
Other income (expense) (503) 8 (478) (596)
Total other income, net 646 903 3,399 1,515
Income before provision (benefit) for income taxes 8,753 11,299 28,509 34,632
Provision (benefit) for income taxes 1,890 (5,133) 6,184 (7,168)
Net income 6,863 16,432 22,325 41,800
Other comprehensive income (loss), net of tax        
Change in foreign currency translation adjustment (309) (47) (340) 137
Change in net unrealized gains (losses) on foreign currency hedging (420) 102 (954) 577
Less: reclassification adjustment for net (gains) losses included in net income 338 (354) 796 (286)
Total net change in unrealized gains (losses) on foreign currency hedging (82) (252) (158) 291
Change in net unrealized gains (losses) on marketable securities (18) 3 18 3
Total other comprehensive income (loss), net of tax (409) (296) (480) 431
Comprehensive income $ 6,454 $ 16,136 $ 21,845 $ 42,231
Basic net income per share attributable to common stockholders (Note 7) $ 0.31 $ 0.77 $ 1.02 $ 1.97
Diluted net income per share attributable to common stockholders (Note 7) $ 0.31 $ 0.73 $ 1.00 $ 1.86
Weighted-average number of shares used in calculating net income per share attributable to common stockholders:        
Basic common shares 21,840,473 21,324,256 21,802,468 21,175,286
Diluted common shares 22,191,688 22,659,052 22,387,146 22,512,125