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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE:    
Total revenue $ 134,000 $ 112,277
COST OF SALES 23,298 22,459
Gross margin 110,702 89,818
OPERATING EXPENSES:    
Research and development 23,305 19,497
Selling, general and administrative 16,404 15,403
Amortization of acquired technology and other intangible assets 5,488 5,490
Patent costs 1,835 1,638
Royalty and license expense 112 3,284
Total operating expenses 47,144 45,312
OPERATING INCOME 63,558 44,506
Interest income, net 133 2,147
Other income, net 59 202
Interest and other income, net 192 2,349
INCOME BEFORE INCOME TAXES 63,750 46,855
INCOME TAX EXPENSE (12,063) (8,700)
NET INCOME $ 51,687 $ 38,155
NET INCOME PER COMMON SHARE:    
BASIC $ 1.09 $ 0.80
DILUTED $ 1.08 $ 0.80
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE:    
BASIC 47,267,921 47,093,033
DILUTED 47,329,704 47,122,829
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.20 $ 0.15
Material Sales    
REVENUE:    
Total revenue $ 79,808 $ 66,575
Royalty And License Fees    
REVENUE:    
Total revenue 50,886 43,078
Contract Research Services    
REVENUE:    
Total revenue $ 3,306 $ 2,624