XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales $ 115,810 $ 101,215
Cost of sales 46,893 36,754
Gross margin 68,917 64,461
Operating expenses:    
Sales, general and administrative 42,892 35,759
Research and development 23,354 15,119
Total operating expenses 66,246 50,878
Income from operations 2,671 13,583
Interest and other income, net 2,313 1,263
Income before provision for income taxes 4,984 14,846
Provision for (benefit from) income taxes (1,435) 1,920
Net income $ 6,419 $ 12,926
Net income per common and common equivalent shares:    
Basic (in dollars per share) $ 0.11 $ 0.24
Diluted (in dollars per share) $ 0.11 $ 0.24
Weighted average number of common and common equivalent shares outstanding:    
Basic (in shares) 58,914 53,119
Diluted (in shares) 59,751 54,532
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME    
Net income $ 6,419 $ 12,926
Foreign currency translation adjustments 50 (707)
Comprehensive income 6,469 12,219
Product    
Net sales 88,089 80,974
Cost of sales 39,600 32,434
Service    
Net sales 27,721 20,241
Cost of sales $ 7,293 $ 4,320