XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net sales $ 104,093 $ 123,019
Cost of sales 65,097 88,637
Gross profit 38,996 34,382
Operating expenses:    
Selling, general and administrative expenses 14,163 12,634
Research and development expenses 11,954 13,423
Merger-related costs   9,831
Other charges   585
Total operating expenses 26,117 36,473
Operating income (loss) 12,879 (2,091)
Interest expense (111) (1,041)
Foreign currency loss, net (690) (4,671)
Other income, net 933 620
Income (loss) before income tax expense 13,011 (7,183)
Income tax expense 3,483 290
Net income (loss) $ 9,528 $ (7,473)
Basic earnings (loss) per common share— $ 0.21 $ (0.19)
Diluted earnings (loss) per common share— $ 0.20 $ (0.19)
Weighted average number of shares—    
Basic 45,603,208 40,292,838
Diluted 46,693,294 40,292,838
Standard products business [Member]    
Net sales $ 94,010 $ 112,906
Cost of sales 56,080 79,247
Gross profit 37,930 33,659
Fab Three Foundry Services [Member]    
Net sales 10,083 10,113
Cost of sales 9,017 9,390
Gross profit $ 1,066 $ 723