iRobot 2015 Annual Report Download - page 132

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49
iROBOT CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
Fiscal Year Ended
January 2,
2016
December 27,
2014
December 28,
2013
(In thousands, except per share amounts)
Revenue $616,778 $ 556,846 $487,401
Cost of revenue(1) 327,852 298,791 266,247
Gross margin 288,926 258,055 221,154
Operating expenses:
Research and development(1) 76,071 69,408 63,649
Selling and marketing(1) 97,772 86,091 71,529
General and administrative(1) 54,465 49,439 53,358
Total operating expenses 228,308 204,938 188,536
Operating income 60,618 53,117 32,618
Other income (expense), net 2,353 (708) (203)
Income before income taxes 62,971 52,409 32,415
Income tax expense 18,841 14,606 4,774
Net income $44,130 $ 37,803 $27,641
Net income per share
Basic $1.49 $ 1.28 $0.97
Diluted $ 1.47 $ 1.25 $0.94
Number of weighted average common shares used in calculations per share
Basic 29,550 29,485 28,495
Diluted 30,107 30,210 29,354
__________________________
(1) Stock-based compensation recorded in fiscal 2015, 2014 and 2013 breaks down by expense classification as follows:
Fiscal Year Ended
January 2,
2016
December 27,
2014
December 28,
2013
(In thousands)
Cost of revenue $1,076 $ 865 $700
Research and development 3,256 3,359 2,700
Selling and marketing 1,457 1,296 1,246
General and administrative 8,394 8,258 8,763
See accompanying Notes to Consolidated Financial Statements