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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 495,418 $ 323,522 $ 1,334,136 $ 871,294
Cost of revenue 204,516 137,211 553,393 379,709
Gross profit 290,902 186,311 780,743 491,585
Operating expenses:        
Research and development 67,263 49,468 178,497 136,113
Selling, general and administrative 69,717 56,291 207,538 164,982
Litigation expense 2,051 3,421 4,815 6,645
Total operating expenses 139,031 109,180 390,850 307,740
Operating income 151,871 77,131 389,893 183,845
Other income (expense), net 5 793 (5,720) 6,411
Income before income taxes 151,876 77,924 384,173 190,256
Income tax expense 27,539 9,154 65,591 20,904
Net income $ 124,337 $ 68,770 $ 318,582 $ 169,352
Net income per share        
Basic (in dollars per share) $ 2.66 $ 1.50 $ 6.83 $ 3.70
Diluted (in dollars per share) $ 2.57 $ 1.44 $ 6.60 $ 3.55
Weighted-average shares outstanding:        
Basic (in shares) 46,829 45,970 46,643 45,754
Diluted (in shares) 48,349 47,852 48,295 47,772