XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Consolidated Statements of Operations        
Net sales $ 171,913 $ 150,246 $ 492,338 $ 430,305
Cost of sales 101,962 87,077 292,109 252,055
Gross profit 69,951 63,169 200,229 178,250
Operating expenses, net:        
Research and development 27,104 21,999 77,237 66,397
Selling, general, and administrative 22,144 21,603 67,987 63,325
Amortization of intangible assets 2,505 2,976 7,514 9,305
Other operating expense (income), net 634 175 587 138
Total operating expenses, net 52,387 46,753 153,325 139,165
Operating income 17,564 16,416 46,904 39,085
Interest income 571 95 873 464
Interest expense (2,886) (7,107) (8,626) (20,685)
Income before income taxes 15,249 9,404 39,151 18,864
Income tax expense (benefit) 208 411 1,125 1,029
Net income $ 15,041 $ 8,993 $ 38,026 $ 17,835
Income per common share:        
Basic (in dollars per share) $ 0.30 $ 0.18 $ 0.76 $ 0.36
Diluted (in dollars per share) $ 0.27 $ 0.17 $ 0.70 $ 0.33
Weighted average number of shares:        
Basic (in shares) 49,887 49,021 49,831 48,968
Diluted (in shares) 65,151 53,849 65,090 53,606