Quarterly report pursuant to Section 13 or 15(d)

Statements of Comprehensive Income

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Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Sales revenue $ 45,578 $ 32,385 $ 78,389 $ 55,434
Rental revenue 8,989 11,644 19,167 22,347
Total revenue 54,567 44,029 97,556 77,781
Cost of revenue        
Cost of sales revenue 23,046 17,866 39,553 30,455
Cost of rental revenue, including depreciation of $2,908 and $2,944 for the three months ended and $5,855 and $5,900 for the six months ended, respectively 5,306 5,341 10,509 10,481
Total cost of revenue 28,352 23,207 50,062 40,936
Gross profit        
Gross profit-sales revenue 22,532 14,519 38,836 24,979
Gross profit-rental revenue 3,683 6,303 8,658 11,866
Total gross profit 26,215 20,822 47,494 36,845
Operating expense        
Research and development 1,379 975 2,547 1,838
Sales and marketing 9,576 7,567 18,541 14,491
General and administrative 7,241 6,935 15,110 12,653
Total operating expense 18,196 15,477 36,198 28,982
Income from operations 8,019 5,345 11,296 7,863
Other income (expense)        
Interest expense (2) (6) (5) (13)
Interest income 36 26 65 38
Other income (expense) (11) (51) 86 (156)
Total other income (expense), net 23 (31) 146 (131)
Income before provision for income taxes 8,042 5,314 11,442 7,732
Provision for income taxes 2,900 1,855 3,935 2,701
Net income 5,142 3,459 7,507 5,031
Other comprehensive income, net of tax        
Unrealized gain (losses) on foreign currency hedging during the period 63   (35)  
Add: reclassification adjustment for losses included in net income 44   50  
Total unrealized gain on foreign currency hedging 107   15  
Unrealized gain on available-for-sale investments during the period 9   20  
Total other comprehensive income, net of tax 116   35  
Comprehensive income $ 5,258 $ 3,459 $ 7,542 $ 5,031
Basic net income per share attributable to common stockholders (Note 5) $ 0.26 $ 0.18 $ 0.38 $ 0.26
Diluted net income per share attributable to common stockholders (Note 5) $ 0.25 $ 0.17 $ 0.36 $ 0.24
Weighted-average number of shares used in calculating net income per share attributable to common stockholders:        
Basic common shares 19,972,395 19,310,064 19,900,032 19,239,218
Diluted common shares 20,925,613 20,672,414 20,860,878 20,617,342