In millions, except per share items | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 |
Revenues | 378.0 | 368.5 | 354.9 | 355.4 | 324.1 | 307.3 | 279.7 | 243.7 |
Revenue growth | 2.6% | 3.8% | -0.1% | 9.6% | 5.5% | 9.9% | 14.8% | 13.7% |
Cost of goods sold | 116.3 | 108.0 | 103.3 | 110.8 | 90.9 | 92.6 | 86.4 | 70.7 |
Gross profit | 261.7 | 260.5 | 251.6 | 244.6 | 233.2 | 214.6 | 193.3 | 173.0 |
Gross margin | 69.2% | 70.7% | 70.9% | 68.8% | 71.9% | 69.9% | 69.1% | 71.0% |
Sales and marketing | 122.6 | 116.1 | 108.6 | 107.9 | 114.5 | 125.5 | 104.6 | 85.2 |
Research and development | 34.0 | 32.1 | 28.9 | 35.8 | 35.2 | 31.9 | 28.1 | 23.3 |
General and administrative | 33.5 | 33.2 | 35.1 | 35.5 | 43.2 | 50.4 | 24.1 | 21.9 |
EBITA | 34.7 | 68.2 | 1.9 | 59.5 | 5.4 | -12.1 | 2.4 | 40.9 |
EBITA margin | 9.2% | 18.5% | 0.5% | 16.7% | 1.7% | -4.0% | 0.9% | 16.8% |
Amortization of intangibles | 2.0 | 4.9 | 5.3 | 5.2 | 5.3 | 5.5 | 7.1 | 7.2 |
EBIT | 32.7 | 63.4 | -3.4 | 54.3 | 0.1 | -17.6 | -4.7 | 33.7 |
EBIT margin | 8.6% | 17.2% | -0.9% | 15.3% | 0.0% | -5.7% | -1.7% | 13.8% |
Pre-tax income | 31.1 | 63.7 | -16.8 | 50.4 | -2.2 | -32.8 | -2.5 | 35.0 |
Income taxes | 5.1 | 17.3 | -14.0 | 12.9 | 3.1 | -8.2 | -3.0 | 7.3 |
Tax rate | 16.3% | 27.2% | 83.3% | 25.6% | | 25.0% | 119.8% | 20.9% |
Earnings from continuing ops | 22.3 | 42.8 | -6.2 | 34.3 | -33.3 | 10.4 | 0.0 | 27.7 |
Earnings from discontinued ops | | | 1.9 | -0.4 | -0.5 | -10.4 | | |
Net income | 22.3 | 42.8 | -4.3 | 33.8 | -33.8 | 0.0 | 0.0 | 27.7 |
Net margin | 5.9% | 11.6% | -1.2% | 9.5% | -10.4% | 0.0% | 0.0% | 11.4% |
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Diluted EPS | $0.77 | $1.51 | ($0.23) | $1.25 | ($1.24) | $391.13 | $0.02 | $0.99 |
Shares outstanding (diluted) | 29.0 | 28.4 | 27.4 | 27.3 | 26.8 | 0.0 | 0.0 | 27.9 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |