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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 1,314,581 $ 1,459,874 $ 1,408,889
Cost of sales 708,372 659,606 611,978
Gross profit 606,209 800,268 796,911
Operating expenses:      
Sales and marketing 77,745 57,815 49,801
Research and development 129,997 122,769 100,870
General and administrative 107,597 102,429 80,668
Goodwill impairment 37,120 0 0
Impairment of long-lived assets and other restructuring charges 7,130 0 0
Loss (gain) on foreign exchange 12,827 (6,150) 14,460
Total operating expenses 372,416 276,863 245,799
Operating income 233,793 523,405 551,112
Other income, net:      
Interest income, net 14,238 9,057 737
Other income, net 345 1,933 22
Total other income 14,583 10,990 759
Income before provision for income taxes 248,376 534,395 551,871
Provision for income taxes 68,115 130,226 204,283
Net income 180,261 404,169 347,588
Less: net income (loss) attributable to non-controlling interests 27 142 (26)
Net income attributable to IPG Photonics Corporation $ 180,234 $ 404,027 $ 347,614
Net income attributable to IPG Photonics Corporation per share:      
Basic (in dollars per share) $ 3.40 $ 7.55 $ 6.50
Diluted (in dollars per share) $ 3.35 $ 7.38 $ 6.36
Weighted average shares outstanding:      
Basic (in shares) 53,061 53,522 53,495
Diluted (in shares) 53,839 54,726 54,699