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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 323,522 $ 259,422 $ 871,294 $ 611,409
Cost of revenue 137,211 116,382 379,709 274,329
Gross profit 186,311 143,040 491,585 337,080
Operating expenses:        
Research and development 49,468 37,717 136,113 95,346
Selling, general and administrative 56,291 43,503 164,982 116,550
Litigation expense 3,421 1,841 6,645 6,264
Total operating expenses 109,180 83,061 307,740 218,160
Income from operations 77,131 59,979 183,845 118,920
Other income, net 793 2,494 6,411 5,980
Income before income taxes 77,924 62,473 190,256 124,900
Income tax expense 9,154 6,907 20,904 3,412
Net income $ 68,770 $ 55,566 $ 169,352 $ 121,488
Net income per share        
Basic (in dollars per share) $ 1.50 $ 1.24 $ 3.70 $ 2.72
Diluted (in dollars per share) $ 1.44 $ 1.18 $ 3.55 $ 2.59
Weighted-average shares outstanding:        
Basic (in shares) 45,970 44,970 45,754 44,737
Diluted (in shares) 47,852 46,955 47,772 46,819