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Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales $ 130,837 $ 104,836 $ 359,009 $ 305,277
Cost of sales 50,668 39,203 144,363 112,040
Gross margin 80,169 65,633 214,646 193,237
Operating expenses:        
Sales, general and administrative 48,424 39,685 134,678 114,787
Research and development 25,129 21,982 71,976 55,602
Total operating expenses 73,553 61,667 206,654 170,389
Income from operations 6,616 3,966 7,992 22,848
Interest and other income (expense), net 1,820 1,274 5,978 2,242
Income before provision for income taxes 8,436 5,240 13,970 25,090
Provision for (benefit from) income taxes 2,332 (471) 709 (2,032)
Net income $ 6,104 $ 5,711 $ 13,261 $ 27,122
Net income per common and common equivalent shares:        
Basic (in dollars per share) $ 0.10 $ 0.10 $ 0.22 $ 0.49
Diluted (in dollars per share) $ 0.10 $ 0.10 $ 0.22 $ 0.47
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 59,278 58,340 59,128 55,681
Diluted (in shares) 60,059 59,805 59,938 57,254
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net income $ 6,104 $ 5,711 $ 13,261 $ 27,122
Foreign currency translation adjustments (227) (107) (285) (159)
Comprehensive income 5,877 5,604 12,976 26,963
Product        
Net sales 96,497 80,923 264,977 238,618
Cost of sales 42,445 32,953 120,265 96,474
Service        
Net sales 34,340 23,913 94,032 66,659
Cost of sales $ 8,223 $ 6,250 $ 24,098 $ 15,566