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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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 231,989 $ 166,442 $ 645,803 $ 454,863
Cost of sales 87,422 68,202 239,954 179,838
Gross margin 144,567 98,240 405,849 275,025
Sales, general and administrative 99,295 74,443 403,554 209,763
Research and development 42,382 29,246 143,352 85,187
Total operating expenses 141,677 103,689 546,906 294,950
Income (loss) from operations 2,890 (5,449) (141,057) (19,925)
Interest and other income (expense), net (5,530) 2,040 36,896 4,594
Loss before provision for income taxes (2,640) (3,409) (104,161) (15,331)
Provision for (benefit from) income taxes (51,164) (2,536) (57,651) 12,227
Net income (loss) $ 48,524 $ (873) $ (46,510) $ (27,558)
Net income (loss) per common and common equivalent shares:        
Basic (in dollars per share) $ 0.73 $ (0.01) $ (0.71) $ (0.45)
Diluted (in dollars per share) $ 0.67 $ (0.01) $ (0.71) $ (0.45)
Weighted average number of common and common equivalent shares outstanding:        
Basic (in shares) 66,192 63,496 65,139 61,159
Diluted (in shares) 72,441 63,496 65,139 61,159
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Net income (loss) $ 48,524 $ (873) $ (46,510) $ (27,558)
Foreign currency translation adjustments (793) 1,238 (1,161) (456)
Comprehensive income (loss) 47,731 365 (47,671) (28,014)
Product        
Net sales 165,803 120,091 463,116 326,134
Cost of sales 71,336 57,798 195,253 150,507
Service        
Net sales 66,186 46,351 182,687 128,729
Cost of sales $ 16,086 $ 10,404 $ 44,701 $ 29,331