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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
NET REVENUES $ 114,159 $ 110,085 $ 306,212 $ 322,648
COST OF REVENUES 56,028 53,080 151,035 155,865
GROSS PROFIT 58,131 57,005 155,177 166,783
OPERATING EXPENSES:        
Research and development 17,957 17,236 55,172 52,615
Sales and marketing 13,452 13,278 39,678 39,863
General and administrative 9,224 8,466 26,948 26,700
Total operating expenses 40,633 38,980 121,798 119,178
INCOME FROM OPERATIONS 17,498 18,025 33,379 47,605
OTHER INCOME 1,078 1,098 3,540 2,819
INCOME BEFORE INCOME TAXES 18,576 19,123 36,919 50,424
PROVISION FOR INCOME TAXES 1,477 1,456 1,742 3,176
NET INCOME $ 17,099 $ 17,667 $ 35,177 $ 47,248
EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.58 $ 0.60 $ 1.20 $ 1.60
Diluted (in dollars per share) [1] $ 0.57 $ 0.59 $ 1.18 $ 1.56
SHARES USED IN PER SHARE CALCULATION:        
Basic (in shares) 29,385 29,365 29,213 29,558
Diluted (in shares) 29,866 29,998 29,709 30,281
[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.