Mentor Graphics Reports Fiscal First Quarter Results and Announces Quarterly Dividend

 

MENTOR GRAPHICS CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except earnings per share data)
       
 
Three Months Ended April 30,
2015 2014
Revenues:
System and software $ 155,931 $ 148,229
Service and support   116,212     103,922  
Total revenues   272,143     252,151  
Cost of revenues: (1)
System and software 13,624 26,971
Service and support 33,569 29,111
Amortization of purchased technology   1,858     1,361  
Total cost of revenues   49,051     57,443  
Gross profit   223,092     194,708  
Operating expenses:
Research and development (2) 89,515 84,451
Marketing and selling (3) 84,951 84,634
General and administration (4) 17,963 17,682
Equity in earnings of Frontline (5) (870 ) (1,379 )
Amortization of intangible assets (6) 2,219 1,750
Special charges (7)   36,977     5,926  
Total operating expenses   230,755     193,064  
Operating income (loss) (7,663 ) 1,644
Other income (expense), net (8) 342 (258 )
Interest expense (9)   (4,694 )   (4,585 )
Loss before income tax (12,015 ) (3,199 )
Income tax benefit (10)   (1,512 )   (174 )
Net loss (10,503 ) (3,025 )
Less: Loss attributable to noncontrolling interest (11)   (618 )   (474 )

Net loss attributable to Mentor Graphics shareholders

$ (9,885 ) $ (2,551 )

Net loss per share attributable to Mentor Graphics shareholders:

Basic a $ (0.08 ) $ (0.02 )
Diluted a $ (0.08 ) $ (0.02 )
Weighted average number of shares outstanding:
Basic   116,003     114,935  
Diluted   116,003     114,935  
 
a We have increased the numerator of our basic and diluted earnings per share calculation for the adjustment of the noncontrolling interest with redemption feature to its calculated redemption value, recorded directly to retained earnings, as follows:
 
 
$ 269   $ 667  
 
 
 
 

Refer to description of footnotes below.

 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »



Review Article Be the first to review this article
CST Webinar Series

EMA:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Retail Therapy: Jump starting Black Friday
Peggy AycinenaIP Showcase
by Peggy Aycinena
REUSE 2016: Addressing the Four Freedoms
More Editorial  
Jobs
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Principal Circuit Design Engineer for Rambus at Sunnyvale, CA
AE-APPS SUPPORT/TMM for EDA Careers at San Jose-SOCAL-AZ, CA
ACCOUNT MANAGER MUNICH GERMANY EU for EDA Careers at MUNICH, Germany
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
CST Webinar Series



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy