XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Condensed Consolidated Statements of Operations and Comprehensive Income [Abstract]        
Net sales $ 263,648 $ 251,016 $ 494,197 $ 478,360
Cost of goods sold 68,470 63,846 127,637 118,873
Gross profit 195,178 187,170 366,560 359,487
Operating expenses:        
Research and development 17,395 15,547 34,807 30,471
Selling, general and administrative 106,718 107,254 207,466 205,145
Provision for litigation     2,341 (94)
Amortization of intangibles 4,393 4,623 8,905 9,397
Acquisition related costs (1,104) 13,870 (1,180) 14,144
Total operating expenses 127,402 141,294 252,339 259,063
Operating income/(loss) 67,776 45,876 114,221 100,424
Other income/(expense), net        
Interest income/(expense), net 2,476 2,541 5,019 5,253
Foreign currency transaction gain/(loss) (1,107) 209 (1,498) (71)
Other income/(expense) 1,395 307 1,696 521
Total other income/(expense), net 2,764 3,057 5,217 5,703
Income/(loss) before income taxes 70,540 48,933 119,438 106,127
Income tax provision 15,950 7,388 26,764 19,253
Net income/(loss) 54,590 41,545 92,674 86,874
Other comprehensive income/(loss), net of tax:        
Unrealized gain/(loss) on marketable securities (5,031) (774) (13,859) (2,440)
Foreign currency translation gain/(loss) (3,170) 1,026 (4,737) (3,087)
Total other comprehensive income/(loss), net of tax (8,201) 252 (18,596) (5,527)
Comprehensive income/(loss) $ 46,389 $ 41,797 $ 74,078 $ 81,347
Earnings per share:        
Basic $ 0.54 $ 0.41 $ 0.92 $ 0.87
Diluted $ 0.53 $ 0.40 $ 0.90 $ 0.84
Weighted average shares outstanding:        
Basic 100,671 100,449 101,136 100,159
Diluted 102,884 103,475 103,480 102,931