IXYS Corporation Reports Results for the Fourth Quarter and Fiscal Year Ended March 31, 2016
|
|
|
IXYS CORPORATION
|
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
(in thousands, except per share data)
|
|
(unaudited)
|
|
|
|
|
Three Months Ended
|
|
|
Twelve Months Ended
|
|
|
|
|
March 31,
|
|
|
March 31,
|
|
|
|
|
2016
|
|
|
2015
|
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues
|
|
|
$
|
79,772
|
|
|
$
|
82,926
|
|
|
$
|
317,209
|
|
|
|
$
|
338,767
|
|
Cost of goods sold
|
|
|
|
55,657
|
|
|
|
57,646
|
|
|
|
217,451
|
|
|
|
|
236,802
|
|
Gross profit
|
|
|
|
24,115
|
|
|
|
25,280
|
|
|
|
99,758
|
|
|
|
|
101,965
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research, development and engineering
|
|
|
|
7,219
|
|
|
|
6,180
|
|
|
|
29,986
|
|
|
|
|
26,667
|
|
Selling, general and administrative
|
|
|
|
8,789
|
|
|
|
10,142
|
|
|
|
38,384
|
|
|
|
|
41,810
|
|
Amortization of intangibles
|
|
|
|
1,273
|
|
|
|
1,433
|
|
|
|
5,555
|
|
|
|
|
5,978
|
|
Total operating expenses
|
|
|
|
17,281
|
|
|
|
17,755
|
|
|
|
73,925
|
|
|
|
|
74,455
|
|
Operating income
|
|
|
|
6,834
|
|
|
|
7,525
|
|
|
|
25,833
|
|
|
|
|
27,510
|
|
Other (expense) income, net
|
|
|
|
56
|
|
|
|
1,410
|
|
|
|
(2,344
|
)
|
|
|
|
2,920
|
|
Income before income tax provision
|
|
|
|
6,890
|
|
|
|
8,935
|
|
|
|
23,489
|
|
|
|
|
30,430
|
|
Provision for income tax
|
|
|
|
693
|
|
|
|
1,139
|
|
|
|
8,748
|
|
|
|
|
6,690
|
|
Net income
|
|
|
$
|
6,197
|
|
|
$
|
7,796
|
|
|
$
|
14,741
|
|
|
|
$
|
23,740
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share - basic
|
|
|
$
|
0.20
|
|
|
$
|
0.25
|
|
|
$
|
0.47
|
|
|
|
$
|
0.75
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used in per share calculation - basic
|
|
|
|
31,441
|
|
|
|
31,663
|
|
|
|
31,579
|
|
|
|
|
31,531
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share - diluted
|
|
|
$
|
0.19
|
|
|
$
|
0.24
|
|
|
$
|
0.46
|
|
|
|
$
|
0.74
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used in per share calculation - diluted
|
|
|
|
32,076
|
|
|
|
32,413
|
|
|
|
32,381
|
|
|
|
|
32,239
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
