Plantronics 2009 Annual Report Download - page 70

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62
PLANTRONICS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
2007 2008 2009
Net revenues $ 800,154 $ 856,286 $ 765,619
Cost of revenues 491,339 507,181 469,591
Gross profit 308,815 349,105 296,028
Operating expenses:
Research, development and engineering 71,895 76,982 72,061
Selling, general and administrative 182,108 189,156 175,601
Restructuring and other related charges - 3,584 12,074
Impairment of goodwill and long-lived assets - - 117,464
Gain on sale of land (2,637) - -
Total operating expenses 251,366 269,722 377,200
Operating income (loss) 57,449 79,383 (81,172)
Interest and other income (expense), net 4,089 5,854 (3,544)
Income (loss) before income taxes 61,538 85,237 (84,716)
Income tax expense (benefit) 11,395 16,842 (19,817)
Net income (loss) $50,143 $ 68,395 $ (64,899)
Net income (loss) per share - basic $ 1.06 $ 1.42 $ (1.34)
Shares used in basic per share calculations 47,361 48,232 48,589
Net income (loss) per share - diluted $ 1.04 $ 1.39 $ (1.34)
Shares used in diluted per share calculations 48,020 49,090 48,589
Cash dividends declared per common share $ 0.20 $ 0.20 $ 0.20
Fiscal Year Ended March 31,
The accompanying notes are an integral part of these consolidated financial statements.