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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net revenues:        
Products $ 158,520 $ 139,846 $ 497,172 $ 388,998
Services 28,278 26,607 80,676 76,028
Total net revenues 186,798 166,453 577,848 465,026
Cost of revenues:        
Cost of products 89,181 87,809 276,905 237,590
Cost of services 18,292 16,410 52,611 48,542
Total cost of revenues (exclusive of amortization shown separately below) 107,473 104,219 329,516 286,132
Gross profit 79,325 62,234 248,332 178,894
Research and development 15,827 15,257 46,866 47,318
Selling, general and administrative 32,365 33,158 99,195 102,140
Insurance reimbursement       (1,071)
Acquisition costs     499 171
Restructuring 1,223 1,126 1,970 1,364
Amortization of intangible assets 1,760 361 3,214 1,537
Income from operations 28,150 12,332 96,588 27,435
Interest income 399 221 895 760
Interest expense 5 13 35 50
Income before income taxes 28,544 12,540 97,448 28,145
(Benefit) provision for income taxes (573) 10,082 15,862 12,606
Net income 29,117 2,458 81,586 15,539
Other comprehensive income:        
Changes in value of financial instruments designated as cash flow hedges, net of tax expense (benefit) 1,302 [1] (891) [1] 458 [1] 185 [1]
Foreign currency translation adjustments, net of tax of $0 for the three months and nine months ended September 30, 2014 and 2013 (9,598) 5,593 (7,604) (3,582)
Unrealized (loss) gain on investments, net of tax expense (benefit) (71) [2] 48 [2] (29) [2] (13) [2]
Total comprehensive income $ 20,750 $ 7,208 $ 74,411 $ 12,129
Net income per share:        
Basic $ 0.55 $ 0.05 $ 1.53 $ 0.29
Diluted $ 0.55 $ 0.05 $ 1.52 $ 0.29
Cash dividends per common share $ 0.165 $ 0.160 $ 0.490 $ 0.480
Weighted average common shares outstanding:        
Basic 53,054 53,165 53,276 52,998
Diluted 53,310 53,513 53,541 53,410
[1] Tax expense (benefit) was $671 and $(491) for the three months ended September 30, 2014 and 2013, respectively. Tax expense was $134 and $161 for the nine months ended September 30, 2014 and 2013, respectively.
[2] Tax (benefit) expense was $(37) and $26 for the three months ended September 30, 2014 and 2013, respectively. Tax (benefit) was $(8) and $(11) for the nine months ended September 30, 2014 and 2013, respectively.