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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales $ 474,230 $ 507,059 $ 520,671
Cost of sales 320,687 378,742 404,274
Gross profit 153,543 128,317 116,397
Operating expenses:      
Selling, general and administrative expenses 52,440 49,974 47,595
Research and development expenses 51,212 45,698 45,024
Merger-related costs (income), net (35,527) 653  
Early termination and other charges, net 2,011 4,976 53
Total operating expenses 70,136 101,301 92,672
Operating income: 83,407 27,016 23,725
Interest expense (1,371) (18,147) (22,157)
Foreign currency loss, net (11,853) (382) (22,316)
Loss on early extinguishment of borrowings, net 0 (766) (42)
Other income, net 3,786 3,110 2,577
Income (loss) from continuing operations before income tax expense 73,969 10,831 (18,213)
Income tax expense (benefit) 17,261 (46,228) 2,200
Income (loss) from continuing operations 56,708 57,059 (20,413)
Income (loss) from discontinued operations, net of tax   287,906 (1,413)
Net income (loss) $ 56,708 $ 344,965 $ (21,826)
Basic earnings (loss) per common share—      
Continuing operations $ 1.26 $ 1.62 $ (0.59)
Discontinued operations 0 8.18 (0.05)
Total 1.26 9.80 (0.64)
Diluted earnings (loss) per common share—      
Continuing operations 1.21 1.35 (0.59)
Discontinued operations 0 6.19 (0.05)
Total $ 1.21 $ 7.54 $ (0.64)
Weighted average number of shares—      
Basic 44,879,412 35,213,525 34,321,888
Diluted 47,709,373 46,503,586 34,321,888
Standard Products Business [Member]      
Net sales $ 433,099 $ 465,519 $ 484,847
Cost of sales 283,503 338,420 368,450
Gross profit 149,596 127,099 116,397
Fab Three Foundry Services [Member]      
Net sales 41,131 41,540 35,824
Cost of sales 37,184 40,322 $ 35,824
Gross profit $ 3,947 $ 1,218