| Summary of Unaudited Quarterly Statements of Income Data |
The following table sets forth the Company’s unaudited quarterly statements of income data in dollars for each of the eight quarters in the period ended December 31, 2016
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(amounts in thousands, except share and per share amounts)
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Quarterly Results 2016
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Q1 March
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Q2 June
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Q3 September
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Q4 December
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Net revenue
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$
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42,989
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$
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54,567
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$
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54,422
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$
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50,851
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Gross profit
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21,279
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26,215
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25,128
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24,688
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Income before provision for income taxes
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3,400
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8,042
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5,449
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5,834
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Provision for income taxes
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879
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550
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203
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574
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Net income
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2,521
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7,492
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5,246
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5,260
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Net income per share attributable to
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common stockholders:
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Basic
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$
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0.13
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$
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0.38
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$
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0.26
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$
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0.26
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Diluted
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$
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0.12
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$
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0.36
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$
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0.25
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$
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0.25
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Weighted-average number of shares used in
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calculating net income per share attributable
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to common stockholders:
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Basic common shares
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19,827,669
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19,972,395
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20,157,688
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20,310,857
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Diluted common shares
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20,840,367
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20,997,429
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21,182,587
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21,362,513
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(amounts in thousands, except share and per share amounts)
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Quarterly Results 2015
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Q1 March
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Q2 June
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Q3 September
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Q4 December
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Net revenue
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$
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33,752
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$
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44,029
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$
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40,778
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$
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40,446
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Gross profit
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16,023
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20,822
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19,375
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20,038
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Income before provision (benefit) for income taxes
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2,418
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5,314
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3,678
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3,317
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Provision (benefit) for income taxes
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846
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1,855
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982
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(541
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)
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Net income
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1,572
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3,459
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2,696
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3,858
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Net income per share attributable to
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common stockholders:
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Basic
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$
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0.08
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$
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0.18
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$
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0.14
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$
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0.20
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Diluted
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$
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0.08
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$
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0.17
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$
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0.13
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$
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0.19
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Weighted-average number of shares used in
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calculating net income per share attributable
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to common stockholders:
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Basic common shares
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19,167,585
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19,310,064
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19,428,653
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19,689,662
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Diluted common shares
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20,562,040
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20,672,414
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20,783,550
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20,812,773
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