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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net sales $ 256,426 $ 195,019
Cost of sales 100,687 71,666
Gross margin 155,739 123,353
Sales, general and administrative 90,129 126,597
Research and development 48,416 47,018
Total operating expenses 138,545 173,615
Income (loss) from operations 17,194 (50,262)
Interest and other income, net 55,299 585
Income (loss) before provision for income taxes 72,493 (49,677)
Provision for (benefit from) income taxes 17,622 (1,760)
Net income (loss) $ 54,871 $ (47,917)
Net income (loss) per common and common equivalent shares:    
Basic (in dollars per share) $ 0.77 $ (0.75)
Diluted (in dollars per share) $ 0.76 $ (0.75)
Weighted average number of common and common equivalent shares outstanding:    
Basic (in shares) 70,950 64,036
Diluted (in shares) 72,349 64,036
Net income (loss) $ 54,871 $ (47,917)
Foreign currency translation adjustments (1,072) 1
Unrealized gains (losses) on available-for-sale investments (489)  
Comprehensive income (loss) 53,310 (47,916)
Product    
Net sales 176,204 140,886
Cost of sales 79,352 58,616
Service    
Net sales 80,222 54,133
Cost of sales $ 21,335 $ 13,050