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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 293,317 $ 186,209 $ 547,772 $ 351,987
Cost of revenue 129,102 83,616 242,498 157,947
Gross profit 164,215 102,593 305,274 194,040
Operating expenses:        
Research and development 44,753 31,673 86,645 57,629
Selling, general and administrative 57,238 40,883 108,691 73,047
Litigation expense 1,596 2,082 3,224 4,423
Total operating expenses 103,587 74,638 198,560 135,099
Income from operations 60,628 27,955 106,714 58,941
Other income, net 3,031 5,200 5,618 3,486
Income before income taxes 63,659 33,155 112,332 62,427
Income tax expense (benefit) 8,490 2,988 11,750 (3,495)
Net income $ 55,169 $ 30,167 $ 100,582 $ 65,922
Net income per share        
Basic (in dollars per share) $ 1.20 $ 0.67 $ 2.20 $ 1.48
Diluted (in dollars per share) $ 1.16 $ 0.64 $ 2.11 $ 1.41
Weighted-average shares outstanding:        
Basic (in shares) 45,796 44,785 45,647 44,620
Diluted (in shares) 47,754 46,831 47,732 46,750