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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 311,754 $ 231,989 $ 853,793 $ 645,803
Cost of sales 118,497 87,422 330,834 239,954
Gross margin 193,257 144,567 522,959 405,849
Operating expenses:        
Sales, general and administrative 102,023 99,295 287,157 403,554
Research and development 59,127 42,382 165,090 143,352
Total operating expenses 161,150 141,677 452,247 546,906
Income (loss) from operations 32,107 2,890 70,712 (141,057)
Interest and other income (expense), net (11,249) (5,530) 91,076 36,896
Income (loss) before provision for income taxes 20,858 (2,640) 161,788 (104,161)
Provision for (benefit from) income taxes 8,727 (51,164) 43,824 (57,651)
Net income (loss) $ 12,131 $ 48,524 $ 117,964 $ (46,510)
Net income (loss) per common and common equivalent shares:        
Basic (in dollars per share) $ 0.17 $ 0.73 $ 1.66 $ (0.71)
Diluted (in dollars per share) $ 0.17 $ 0.67 $ 1.63 $ (0.71)
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 71,107 66,192 71,033 65,139
Diluted (in shares) 72,525 72,441 72,386 65,139
Net income (loss) $ 12,131 $ 48,524 $ 117,964 $ (46,510)
Foreign currency translation adjustments (2,275) (793) (5,513) (1,161)
Unrealized losses on available-for-sale investments (326)   (976)  
Comprehensive income (loss) 9,530 47,731 111,475 (47,671)
Product        
Net sales 210,398 165,803 586,653 463,116
Cost of sales 93,724 71,336 260,578 195,253
Service        
Net sales 101,356 66,186 267,140 182,687
Cost of sales $ 24,773 $ 16,086 $ 70,256 $ 44,701