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Condensed Consolidated Statements of Operations (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
Revenue $ 259,422 $ 168,813 $ 611,409 $ 461,183
Cost of revenue 116,382 75,655 274,329 206,794
Gross profit 143,040 93,158 337,080 254,389
Operating expenses:        
Research and development 37,717 27,742 95,346 80,746
Selling, general and administrative 43,503 34,692 116,550 100,302
Litigation expense 1,841 692 6,264 1,473
Total operating expenses 83,061 63,126 218,160 182,521
Income from operations 59,979 30,032 118,920 71,868
Other income, net 2,494 2,257 5,980 7,827
Income before income taxes 62,473 32,289 124,900 79,695
Income tax expense 6,907 2,761 3,412 3,293
Net income $ 55,566 $ 29,528 $ 121,488 $ 76,402
Net income per share        
Basic (in dollars per share) $ 1.24 $ 0.68 $ 2.72 $ 1.77
Diluted (in dollars per share) $ 1.18 $ 0.64 $ 2.59 $ 1.68
Weighted-average shares outstanding:        
Basic (in shares) 44,970 43,308 44,737 43,055
Diluted (in shares) 46,955 45,833 46,819 45,516