Item 6. SELECTED CONSOLIDATED FINANCIAL DATA

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Item 6. SELECTED CONSOLIDATED FINANCIAL DATA

The following tables set forth the selected consolidated financial data for each of the years in the five-year period ended December 31, 2018. The selected consolidated financial data should be read in conjunction with the consolidated financial statements and accompanying notes and Management’s Discussion and Analysis of Financial Condition and Results of Operations.

SELECTED CONSOLIDATED FINANCIAL DATA

(in thousands, except per share data)



	Year Ended December 31,
	2018			2017		2016			2015			2014
Consolidated Statements of Operations Data:
Net revenues	$	1,966,492		$	1,473,413	$	1,079,874		$	845,486		$	761,653
Gross profit	$	1,447,867		$	1,116,947	$	815,294		$	640,110		$	578,443
Income from operations	466,564			353,611		248,921			188,634			193,576
Interest income	8,576			6,948		4,213			2,938			1,818
Other income (expense), net	(8,489		)	4,240		(10,568		)	(5,471		)	(5,025		)
Net income before provision for income taxes and equity in losses of investee	466,651			364,799		242,566			186,101			190,369
Provision for income taxes	57,723			130,162		51,200			42,081			44,537
Equity in losses of investee, net of tax	8,693			3,219		1,684			—			—
Net income	$	400,235		$	231,418	$	189,682		$	144,020		$	145,832
Net income per share:
Basic	$	5.00		$	2.89	$	2.38		$	1.80		$	1.81
Diluted	$	4.92		$	2.83	$	2.33		$	1.77		$	1.77
Shares used in computing net income per share:
Basic	80,064			80,085		79,856			79,998			80,754
Diluted	81,357			81,832		81,484			81,521			82,283

	December 31,
	2018			2017 (2)		2016 (2)			2015			2014
Consolidated Balance Sheet Data:
Working capital (1)	$	610,406		$	658,316	$	597,772		$	460,338		$	455,349
Total assets	2,052,458			1,784,009		1,402,305			1,158,633			987,997
Total long-term liabilities	107,494			129,670		46,427			39,035			33,415
Stockholders’ equity	$	1,252,891		$	1,154,288	$	999,307		$	847,926		$	752,771


(1)	Working capital is calculated as the difference between total current assets and total current liabilities.


(2)	Balances have been recast to reflect the adoption of new revenue accounting standard (Refer to Note 1 "Summary of Significant Accounting Policies" of the Notes to Consolidated Financial Statements for details).

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