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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 647,263 $ 560,633 $ 1,755,787 $ 1,687,231
Cost of goods sold 279,952 253,607 778,120 760,674
Gross profit 367,311 307,026 977,667 926,557
Selling, general and administrative expense 198,165 201,622 581,119 610,460
Research and Development Expense 59,546 47,944 160,833 145,641
Segment profit (loss) 109,600 57,460 235,715 170,456
Interest expense 5,728 5,525 17,158 17,352
Foreign exchange (gains) losses, net 776 898 2,478 3,411
Marketable Securities, Unrealized (Gain) Loss (1,580,350) 390,620 (3,591,509) (1,384,999)
Other Nonoperating Income (Expense) 1,015 4,367 21,517 26,959
Income before income taxes 1,684,461 (335,216) 3,829,105 1,561,651
(Provision) benefit for income taxes (369,637) 76,400 (861,940) (356,462)
Net income attributable to Bio-Rad $ 1,314,824 $ (258,816) $ 2,967,165 $ 1,205,189
Basic earnings per share:        
Net income per share basic attributable to Bio-Rad $ 44.24 $ (8.68) $ 99.75 $ 40.42
Weighted average common shares - basic 29,721 29,831 29,746 29,815
Diluted earnings per share:        
Net income per share diluted attributable to Bio-Rad $ 43.64 $ (8.68) $ 98.46 $ 39.97
Weighted average common shares - diluted 30,128 29,831 30,137 30,149