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
 

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