XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations - 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 $ 927,565 $ 546,806 $ 2,102,100 $ 1,663,740
Cost of sales 634,550 408,443 1,581,287 1,448,083
Gross profit 293,015 138,363 520,813 215,657
Operating expenses:        
Selling, general and administrative 49,861 53,542 160,218 149,828
Research and development 22,972 24,912 71,068 71,184
Production start-up 13,019 18,605 23,812 38,564
Litigation loss 0 0 6,000 0
Total operating expenses 85,852 97,059 261,098 259,576
Operating income (loss) 207,163 41,304 259,715 (43,919)
Foreign currency (loss) income, net (1,852) 1,209 (3,549) 3,107
Interest income 2,109 11,454 15,113 39,223
Interest expense, net (10,975) (4,976) (21,018) (24,018)
Other expense, net (3,236) (3,399) (8,653) (4,328)
Income (loss) before taxes and equity in earnings 193,209 45,592 241,608 (29,935)
Income tax (expense) benefit (38,107) (15,035) 40,894 (25,385)
Equity in earnings, net of tax (65) 65 150 (205)
Net income (loss) $ 155,037 $ 30,622 $ 282,652 $ (55,525)
Net income (loss) per share:        
Basic $ 1.46 $ 0.29 $ 2.67 $ (0.53)
Diluted $ 1.45 $ 0.29 $ 2.65 $ (0.53)
Weighted-average number of shares used in per share calculations:        
Basic 105,967 105,397 105,830 105,272
Diluted 106,751 106,227 106,537 105,272