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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 461,004 $ 293,317 $ 838,718 $ 547,772
Cost of revenue 190,043 129,102 348,877 242,498
Gross profit 270,961 164,215 489,841 305,274
Operating expenses:        
Research and development 57,131 44,753 111,234 86,645
Selling, general and administrative 70,668 57,238 137,822 108,691
Litigation expense 1,274 1,596 2,763 3,224
Total operating expenses 129,073 103,587 251,819 198,560
Operating income 141,888 60,628 238,022 106,714
Other income (expense), net (5,092) 3,031 (5,726) 5,618
Income before income taxes 136,796 63,659 232,296 112,332
Income tax expense 22,117 8,490 38,051 11,750
Net income $ 114,679 $ 55,169 $ 194,245 $ 100,582
Net income per share        
Basic (in dollars per share) $ 2.46 $ 1.20 $ 4.17 $ 2.20
Diluted (in dollars per share) $ 2.37 $ 1.16 $ 4.02 $ 2.11
Weighted-average shares outstanding:        
Basic (in shares) 46,675 45,796 46,550 45,647
Diluted (in shares) 48,286 47,754 48,268 47,732