Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]        
Product revenue $ 92,166us-gaap_SalesRevenueGoodsNet $ 98,287us-gaap_SalesRevenueGoodsNet $ 257,576us-gaap_SalesRevenueGoodsNet $ 268,892us-gaap_SalesRevenueGoodsNet
Service revenue 39,191us-gaap_SalesRevenueServicesNet 36,926us-gaap_SalesRevenueServicesNet 116,848us-gaap_SalesRevenueServicesNet 109,612us-gaap_SalesRevenueServicesNet
Royalty revenue 10,706us-gaap_RoyaltyRevenue 10,656us-gaap_RoyaltyRevenue 30,873us-gaap_RoyaltyRevenue 46,693us-gaap_RoyaltyRevenue
Total revenue 142,063us-gaap_Revenues 145,869us-gaap_Revenues 405,297us-gaap_Revenues 425,197us-gaap_Revenues
Cost of product revenue 59,772us-gaap_CostOfGoodsSold 64,502us-gaap_CostOfGoodsSold 170,273us-gaap_CostOfGoodsSold 181,167us-gaap_CostOfGoodsSold
Cost of service revenue 17,224us-gaap_CostOfServices 19,706us-gaap_CostOfServices 52,502us-gaap_CostOfServices 56,053us-gaap_CostOfServices
Restructuring charges related to cost of revenue 0qtm_RestructuringChargesToCostOfRevenue 288qtm_RestructuringChargesToCostOfRevenue 0qtm_RestructuringChargesToCostOfRevenue 377qtm_RestructuringChargesToCostOfRevenue
Total cost of revenue 76,996us-gaap_CostOfRevenue 84,496us-gaap_CostOfRevenue 222,775us-gaap_CostOfRevenue 237,597us-gaap_CostOfRevenue
Gross margin 65,067us-gaap_GrossProfit 61,373us-gaap_GrossProfit 182,522us-gaap_GrossProfit 187,600us-gaap_GrossProfit
Operating expenses:        
Research and development 13,969us-gaap_ResearchAndDevelopmentExpense 16,010us-gaap_ResearchAndDevelopmentExpense 43,680us-gaap_ResearchAndDevelopmentExpense 49,063us-gaap_ResearchAndDevelopmentExpense
Sales and marketing 27,494us-gaap_SellingAndMarketingExpense 29,424us-gaap_SellingAndMarketingExpense 83,417us-gaap_SellingAndMarketingExpense 89,577us-gaap_SellingAndMarketingExpense
General and administrative 13,815us-gaap_GeneralAndAdministrativeExpense 14,261us-gaap_GeneralAndAdministrativeExpense 42,271us-gaap_GeneralAndAdministrativeExpense 43,745us-gaap_GeneralAndAdministrativeExpense
Restructuring charges 187qtm_RestructuringChargesToOperatingExpense 1,758qtm_RestructuringChargesToOperatingExpense 1,676qtm_RestructuringChargesToOperatingExpense 4,525qtm_RestructuringChargesToOperatingExpense
Total operating expenses 55,465us-gaap_OperatingExpenses 61,453us-gaap_OperatingExpenses 171,044us-gaap_OperatingExpenses 186,910us-gaap_OperatingExpenses
Gain on sale of assets 0us-gaap_GainLossOnDispositionOfAssets1 0us-gaap_GainLossOnDispositionOfAssets1 462us-gaap_GainLossOnDispositionOfAssets1 0us-gaap_GainLossOnDispositionOfAssets1
Income (loss) from operations 9,602us-gaap_OperatingIncomeLoss (80)us-gaap_OperatingIncomeLoss 11,940us-gaap_OperatingIncomeLoss 690us-gaap_OperatingIncomeLoss
Other income and expense 125us-gaap_OtherNonoperatingIncomeExpense 370us-gaap_OtherNonoperatingIncomeExpense 215us-gaap_OtherNonoperatingIncomeExpense 791us-gaap_OtherNonoperatingIncomeExpense
Interest expense (2,460)us-gaap_InterestExpense (2,440)us-gaap_InterestExpense (7,360)us-gaap_InterestExpense (7,319)us-gaap_InterestExpense
Income (loss) before income taxes 7,267us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (2,150)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 4,795us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (5,838)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax provision 336us-gaap_IncomeTaxExpenseBenefit 308us-gaap_IncomeTaxExpenseBenefit 940us-gaap_IncomeTaxExpenseBenefit 1,232us-gaap_IncomeTaxExpenseBenefit
Net income (loss) $ 6,931us-gaap_NetIncomeLoss $ (2,458)us-gaap_NetIncomeLoss $ 3,855us-gaap_NetIncomeLoss $ (7,070)us-gaap_NetIncomeLoss
Basic net income (loss) per share $ 0.03us-gaap_EarningsPerShareBasic $ (0.01)us-gaap_EarningsPerShareBasic $ 0.02us-gaap_EarningsPerShareBasic $ (0.03)us-gaap_EarningsPerShareBasic
Diluted net income (loss) per share $ 0.03us-gaap_EarningsPerShareDiluted $ (0.01)us-gaap_EarningsPerShareDiluted $ 0.01us-gaap_EarningsPerShareDiluted $ (0.03)us-gaap_EarningsPerShareDiluted
Weighted average shares:        
Basic 255,860us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 248,135us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 253,773us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 246,183us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 302,855us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 248,135us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 257,807us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 246,183us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding