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SELECTED QUARTERLY INFORMATION
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY INFORMATION (Unaudited) [Text Block] SELECTED QUARTERLY INFORMATION (Unaudited):
The following tables set forth certain data from the Company's consolidated statements of income for each of the quarters in the years ended December 31, 2019 and 2018.
The unaudited quarterly consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements contained herein and include all adjustments that the Company considers necessary for a fair presentation of such information when read in conjunction with the Company’s annual audited consolidated financial statements and notes thereto appearing elsewhere in this report. The operating results for any quarter are not necessarily indicative of the results for any subsequent period or for the entire fiscal year.
 
Three Months Ended
 
(unaudited)
 
Dec. 31,
 
Sept. 30,
 
June 30,
 
Mar. 31,
 
Dec. 31,
 
Sept. 30,
 
June 30,
 
Mar. 31,
(in thousands, except per share data)
2019 (1)
 
2019
 
2019
 
2019
 
2018
 
2018
 
2018
 
2018
Net revenues
$
114,457

 
$
114,159

 
$
102,865

 
$
89,188

 
$
93,307

 
$
110,085

 
$
109,482

 
$
103,081

Gross profit
58,225

 
58,131

 
51,572

 
45,474

 
48,005

 
57,005

 
56,234

 
53,544

Net income
$
158,291

 
$
17,099

 
$
10,845

 
$
7,233

 
$
22,736

 
$
17,667

 
$
15,381

 
$
14,200

Earnings per share


 


 


 


 


 


 


 


Basic
$
5.38

 
$
0.58

 
$
0.37

 
$
0.25

 
$
0.78

 
$
0.60

 
$
0.52

 
$
0.48

Diluted
$
5.28

 
$
0.57

 
$
0.37

 
$
0.25

 
$
0.77

 
$
0.59

 
$
0.51

 
$
0.46

Shares used in per share calculation


 


 


 


 


 


 


 


Basic
29,427

 
29,385

 
29,297

 
28,951

 
29,164

 
29,365

 
29,505

 
29,799

Diluted
30,005

 
29,866

 
29,702

 
29,446

 
29,651

 
29,998

 
30,183

 
30,552


_______________
(1)
In October 2019 the Company entered into a favorable litigation settlement with ON Semiconductor Corporation which resulted in a $169.0 million net gain (Refer to Note 13, Legal Proceedings and Contingencies, in our Notes to Consolidated Financial Statements included in this Annual Report on Form 10-K).