iRobot 2011 Annual Report Download - page 74

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Form 10-K
(2) The amount represents the last reported sale price of our common stock on the NASDAQ Global Market on
the applicable vesting date.
(3) The amount represents the weighted average sale price of all shares of our common stock repurchased during
the three months ended December 31, 2011.
ITEM 6. SELECTED FINANCIAL DATA
The selected historical financial data set forth below as of December 31, 2011 and January 1, 2011 and for
the years ended December 31, 2011, January 1, 2011 and January 2, 2010 are derived from financial statements,
which have been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm.
Consolidated balance sheets as of December 31, 2011 and January 1, 2011 and the related consolidated
statements of income and of cash flows for each of the three years in the period ended December 31, 2011 and
notes thereto appear elsewhere in this Annual Report on Form 10-K. The selected historical financial data as of
January 2, 2010, December 27, 2008 and December 29, 2007 and for the years ended December 27, 2008 and
December 29, 2007 are derived from our financial statements, which have been audited by
PricewaterhouseCoopers LLP and which are not included elsewhere in this Annual Report.
The following selected consolidated financial data should be read in conjunction with our consolidated
financial statements, the related notes and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” included elsewhere in this Annual Report on Form 10-K. The historical results are not
necessarily indicative of the results to be expected for any future period.
Year Ended
December 31,
2011
January 1,
2011
January 2,
2010
December 27,
2008
December 29,
2007
(In thousands, except earnings per share amounts)
Consolidated Statements of Income:
Revenue
Product revenue ........................ $426,525 $360,394 $262,199 $281,187 $227,457
Contract revenue ........................ 38,975 40,558 36,418 26,434 21,624
Total revenue ........................ 465,500 400,952 298,617 307,621 249,081
Cost of revenue
Cost of product revenue .................. 246,905 228,403 176,631 190,250 147,689
Cost of contract revenue .................. 26,477 27,117 30,790 23,900 18,805
Total cost of revenue .................. 273,382 255,520 207,421 214,150 166,494
Gross Margin ............................ 192,118 145,432 91,196 93,471 82,587
Operating Expenses
Research and development ................ 36,498 24,809 14,747 17,566 17,082
Selling and marketing .................... 58,544 50,535 40,902 46,866 44,894
General and administrative ................ 43,753 36,618 30,110 28,840 20,919
Litigation and related expenses ............ — — — — 2,341
Total operating expenses ............... 138,795 111,962 85,759 93,272 85,236
Operating (Loss) Income ................... 53,323 33,470 5,437 199 (2,649)
Net Income .............................. $ 40,191 $ 25,514 $ 3,330 $ 756 $ 9,060
Net Income Per Common Share Basic ......... $ 1.50 $ 1.00 $ 0.13 $ 0.03 $ 0.37
Diluted ............................... $ 1.44 $ 0.96 $ 0.13 $ 0.03 $ 0.36
Shares Used in Per Common Share Calculations
Basic ................................. 26,712 25,394 24,998 24,654 24,229
Diluted ............................... 27,924 26,468 25,640 25,533 25,501
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