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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Net sales $ 230,051 $ 337,658 $ 474,230
Cost of sales:      
Cost of sales 178,411 236,394 320,687
Gross profit 51,640 101,264 153,543
Operating expenses:      
Selling, general and administrative expenses 48,470 50,872 52,440
Research and development expenses 51,563 52,338 51,212
Merger-related income, net 0 0 (35,527)
Early termination and other charges, net 9,251 3,298 2,011
Total operating expenses 109,284 106,508 70,136
Operating income (loss): (57,644) (5,244) 83,407
Interest income 10,435 5,980 2,609
Interest expense (828) (1,157) (1,371)
Foreign currency gain (loss), net 465 (3,019) (11,853)
Other income, net 13 561 1,177
Income (loss) before income tax expense (benefit) (47,559) (2,879) 73,969
Income tax expense (benefit) (10,937) 5,157 17,261
Net income (loss) $ (36,622) $ (8,036) $ 56,708
Basic earnings (loss) per common share—      
Basic $ (0.89) $ (0.18) $ 1.26
Diluted earnings (loss) per common share—      
Diluted $ (0.89) $ (0.18) $ 1.21
Weighted average number of shares—      
Basic 41,013,069 44,850,791 44,879,412
Diluted 41,013,069 44,850,791 47,709,373
Standard products business [Member]      
Revenues:      
Net sales $ 195,690 $ 301,896 $ 433,099
Cost of sales:      
Cost of sales 143,762 202,347 283,503
Gross profit 51,928 99,549 149,596
Fab 3 Foundry Services [Member]      
Revenues:      
Net sales 34,361 35,762 41,131
Cost of sales:      
Cost of sales 34,649 34,047 37,184
Gross profit $ (288) $ 1,715 $ 3,947