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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
NET REVENUES $ 102,865 $ 109,482 $ 192,053 $ 212,563
COST OF REVENUES 51,293 53,248 95,007 102,785
GROSS PROFIT 51,572 56,234 97,046 109,778
OPERATING EXPENSES:        
Research and development 19,269 17,898 37,215 35,379
Sales and marketing 13,209 13,497 26,226 26,585
General and administrative 9,334 9,220 17,724 18,234
Total operating expenses 41,812 40,615 81,165 80,198
INCOME FROM OPERATIONS 9,760 15,619 15,881 29,580
OTHER INCOME 1,310 885 2,462 1,721
INCOME BEFORE INCOME TAXES 11,070 16,504 18,343 31,301
PROVISION FOR INCOME TAXES 225 1,123 265 1,720
NET INCOME $ 10,845 $ 15,381 $ 18,078 $ 29,581
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.37 $ 0.52 $ 0.62 $ 1.00
Diluted (in dollars per share) [1] $ 0.37 $ 0.51 $ 0.61 $ 0.97
SHARES USED IN PER SHARE CALCULATION:        
Basic (in shares) 29,297 29,505 29,125 29,651
Diluted (in shares) 29,702 30,183 29,597 30,387
[1]
The Company includes the shares underlying performance-based awards in the calculation of diluted earnings per share if the performance conditions have been satisfied as of the end of the reporting period and excludes such shares when the necessary conditions have not been met. The Company has excluded the shares underlying the outstanding performance-based awards in the 2019 and 2018 calculations as the shares were not contingently issuable as of the end of the reporting periods.