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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Basic earnings per share:                      
Net income $ 158,291 [1] $ 17,099 $ 10,845 $ 7,233 $ 22,736 $ 17,667 $ 15,381 $ 14,200 $ 193,468 $ 69,984 $ 27,609
Weighted-average common shares 29,427,000 29,385,000 29,297,000 28,951,000 29,164,000 29,365,000 29,505,000 29,799,000 29,267,000 29,456,000 29,674,000
Basic earnings per share $ 5.38 $ 0.58 $ 0.37 $ 0.25 $ 0.78 $ 0.60 $ 0.52 $ 0.48 $ 6.61 $ 2.38 $ 0.93
Diluted earnings per share:                      
Net income $ 158,291 [1] $ 17,099 $ 10,845 $ 7,233 $ 22,736 $ 17,667 $ 15,381 $ 14,200 $ 193,468 $ 69,984 $ 27,609
Weighted-average common shares 29,427,000 29,385,000 29,297,000 28,951,000 29,164,000 29,365,000 29,505,000 29,799,000 29,267,000 29,456,000 29,674,000
Effect of dilutive securities:                      
Employee stock plans [2]                 549,000 691,000 871,000
Diluted weighted average common shares [2] 30,005,000 29,866,000 29,702,000 29,446,000 29,651,000 29,998,000 30,183,000 30,552,000 29,816,000 30,147,000 30,545,000
Diluted earnings per share [2] $ 5.28 $ 0.57 $ 0.37 $ 0.25 $ 0.77 $ 0.59 $ 0.51 $ 0.46 $ 6.49 $ 2.32 $ 0.90
Antidilutive shares attributable to stock-based awards outstanding excluded from computation of diluted earnings per share                 0 0 0
[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).
[2]
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 included in the 2019, 2018 and 2017 calculations those shares that were contingently issuable upon the satisfaction of the performance conditions as of the end of the respective periods.