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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 99,226 $ 79,643 $ 200,441 $ 158,885
Cost of sales 36,083 34,006 72,837 64,578
Gross margin 63,143 45,637 127,604 94,307
Operating expenses:        
Sales, general and administrative 39,343 31,824 75,102 62,681
Research and development 18,501 12,989 33,620 25,452
Total operating expenses 57,844 44,813 108,722 88,133
Income from operations 5,299 824 18,882 6,174
Interest and other income (expense), net (295) 1,684 968 1,890
Income before provision for income taxes 5,004 2,508 19,850 8,064
Provision for (benefit from) income taxes (3,481) 232 (1,561) 1,208
Net income $ 8,485 $ 2,276 $ 21,411 $ 6,856
Net income per common and common equivalent shares:        
Basic (in dollars per share) $ 0.15 $ 0.04 $ 0.39 $ 0.13
Diluted (in dollars per share) $ 0.15 $ 0.04 $ 0.38 $ 0.13
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 55,527 52,736 54,330 52,578
Diluted (in shares) 57,054 53,770 55,892 53,723
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net income $ 8,485 $ 2,276 $ 21,411 $ 6,856
Foreign currency translation adjustments 655 (716) (52) (551)
Comprehensive income 9,140 1,560 21,359 6,305
Product        
Net sales 76,721 66,875 157,695 134,366
Cost of sales 31,087 30,172 63,521 57,244
Service        
Net sales 22,505 12,768 42,746 24,519
Cost of sales $ 4,996 $ 3,834 $ 9,316 $ 7,334