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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 285,613 $ 218,795 $ 542,039 $ 413,814
Cost of sales 111,650 80,866 212,337 152,532
Gross margin 173,963 137,929 329,702 261,282
Operating expenses:        
Sales, general and administrative 95,005 177,662 185,134 304,259
Research and development 57,547 53,952 105,963 100,970
Total operating expenses 152,552 231,614 291,097 405,229
Income (loss) from operations 21,411 (93,685) 38,605 (143,947)
Interest and other income, net 47,026 41,841 102,325 42,426
Income (loss) before provision for income taxes 68,437 (51,844) 140,930 (101,521)
Provision for (benefit from) income taxes 17,475 (4,727) 35,097 (6,487)
Net income (loss) $ 50,962 $ (47,117) $ 105,833 $ (95,034)
Net income (loss) per common and common equivalent shares:        
Basic (in dollars per share) $ 0.72 $ (0.72) $ 1.49 $ (1.47)
Diluted (in dollars per share) $ 0.71 $ (0.72) $ 1.46 $ (1.47)
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 71,040 65,166 70,995 64,604
Diluted (in shares) 72,283 65,166 72,316 64,604
Net income (loss) $ 50,962 $ (47,117) $ 105,833 $ (95,034)
Foreign currency translation adjustments (2,166) (369) (3,238) (368)
Unrealized losses on available-for-sale investments (161)   (650)  
Comprehensive income (loss) 48,635 (47,486) 101,945 (95,402)
Product        
Net sales 200,051 156,427 376,255 297,313
Cost of sales 87,502 65,301 166,854 123,917
Service        
Net sales 85,562 62,368 165,784 116,501
Cost of sales $ 24,148 $ 15,565 $ 45,483 $ 28,615