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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, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 112,362 $ 99,226 $ 228,172 $ 200,441
Cost of sales 46,802 36,083 93,695 72,837
Gross margin 65,560 63,143 134,477 127,604
Operating expenses:        
Sales, general and administrative 43,362 39,343 86,254 75,102
Research and development 23,493 18,501 46,847 33,620
Total operating expenses 66,855 57,844 133,101 108,722
Income (loss) from operations (1,295) 5,299 1,376 18,882
Interest and other income (expense), net 1,845 (295) 4,158 968
Income before provision for income taxes 550 5,004 5,534 19,850
Provision for (benefit from) income taxes (188) (3,481) (1,623) (1,561)
Net income $ 738 $ 8,485 $ 7,157 $ 21,411
Net income per common and common equivalent shares:        
Basic (in dollars per share) $ 0.01 $ 0.15 $ 0.12 $ 0.39
Diluted (in dollars per share) $ 0.01 $ 0.15 $ 0.12 $ 0.38
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 59,187 55,527 59,051 54,330
Diluted (in shares) 60,000 57,054 59,876 55,892
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net income $ 738 $ 8,485 $ 7,157 $ 21,411
Foreign currency translation adjustments (108) 655 (58) (52)
Comprehensive income 630 9,140 7,099 21,359
Product        
Net sales 80,391 76,721 168,480 157,695
Cost of sales 38,220 31,087 77,820 63,521
Service        
Net sales 31,971 22,505 59,692 42,746
Cost of sales $ 8,582 $ 4,996 $ 15,875 $ 9,316