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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue $ 254,455 $ 165,778
Cost of revenue 113,396 74,331
Gross profit 141,059 91,447
Operating expenses:    
Research and development 41,892 25,956
Selling, general and administrative 51,453 32,164
Litigation expense 1,628 2,341
Total operating expenses 94,973 60,461
Income from operations 46,086 30,986
Other income (expense), net 2,587 (1,714)
Income before income taxes 48,673 29,272
Income tax expense (benefit) 3,260 (6,484)
Net income $ 45,413 $ 35,756
Net income per share    
Basic (in dollars per share) $ 1.00 $ 0.80
Diluted (in dollars per share) $ 0.95 $ 0.77
Weighted-average shares outstanding:    
Basic (in shares) 45,498 44,455
Diluted (in shares) 47,711 46,670