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1,1747872,7972,518Legal settlement
--800800Interest and other expense, net
(29)(40)(78)(237)Income before income taxes
1,1457473,5193,081Provision for income taxes
308230473496Net income
$
837$ 517$ 3,046$ 2,585Net income per share - basic
$ 0.09$ 0.06$ 0.34$ 0.29Net income per share - diluted
$ 0.08$ 0.05$ 0.30$ 0.26Shares used in computing net income per share - basic
8,9828,8478,9438,840Shares used in computing net income per share - diluted
10,2009,92810,1349,940IRIDEX CorporationCondensed Consolidated Balance Sheets(In thousands)
(unaudited)January 1,January 2,20112010Assets(unaudited)Current Assets:Cash and cash equivalents
$ 9,014$ 9,378Accounts receivable, net
7,5267,482Inventories, net
9,2128,999Prepaids and other current assets
620470Total current assets
26,37226,329Property and equipment, net
360486Other long-term assets
218323Other intangible assets, net
1,7971,153Goodwill
4730Total assets
$ 29,220$ 28,291Liabilities and Stockholders' EquityCurrent Liabilities:Accounts payable
$ 1,981$ 1,872Bank line of credit
03,520Accrued compensation
2,3042,171Accrued expenses
1,8221,983Accrued warranty
9561,165Deferred revenue
2,1342,405Total current liabilities
9,19713,116Long Term Liabilities:Other long-term liabilities
596149Total liabilities
9,79313,265Stockholders' Equity:Convertible preferred stock
55Common Stock
8989Additional paid-in capital
41,16839,820Accumulated other comprehensive loss
(205)(212)Treasury stock, at cost
(430)(430)Accumulated deficit
(21,200)(24,246)Total stockholders' equity
19,42715,026Total liabilities and stockholders' equity
$ 29,220$ 28,291
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