| CABOT MICROELECTRONICS CORPORATION | ||||||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||
| (Unaudited and amounts in thousands, except per share amounts) | ||||||||
| Quarter Ended | ||||||||
| December 31, | September 30, | December 31, | ||||||
| 2016 | 2016 | 2015 | ||||||
| Revenue | $ | 123,254 | $ | 122,684 | $ | 100,369 | ||
| Cost of goods sold | 61,749 | 61,598 | 50,174 | |||||
| Gross profit | 61,505 | 61,086 | 50,195 | |||||
| Operating expenses: | ||||||||
| Research, development & technical | 13,396 | 15,842 | 14,828 | |||||
| Selling & marketing | 7,552 | 8,057 | 6,749 | |||||
| General & administrative | 12,496 | 11,454 | 14,263 | |||||
| Total operating expenses | 33,444 | 35,353 | 35,840 | |||||
| Operating income | 28,061 | 25,733 | 14,355 | |||||
| Interest expense | 1,150 | 1,187 | 1,167 | |||||
| Other income (expense), net | 996 | 257 | 190 | |||||
| Income before income taxes | 27,907 | 24,803 | 13,378 | |||||
| Provision for income taxes | 5,676 | 4,096 | 2,069 | |||||
| Net income | $ | 22,231 | $ | 20,707 | $ | 11,309 | ||
| Income available to common shareholders | $ | 22,129 | $ | 20,589 | $ | 11,182 | ||
| Basic earnings per share | $ | 0.90 | $ | 0.85 | $ | 0.46 | ||
| Weighted average basic shares outstanding | 24,583 | 24,234 | 24,142 | |||||
| Diluted earnings per share | $ | 0.88 | $ | 0.83 | $ | 0.46 | ||
| Weighted average diluted shares outstanding | 25,072 | 24,678 | 24,549 | |||||
