Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting

Schedule of segment revenue and significant segment expenses

The following represents total segment revenue and significant segment expenses for the periods indicated (in thousands):

	Three Months Ended
	March 31,
	2026		2025
Net sales	$	381,877	$	355,351
Cost of sales standard(1)		147,017		142,803
Cost of sales other(2)		50,063		40,528
Selling and marketing expenses		73,957		64,929
General and administrative expenses		44,253		42,557
Research and development expenses		22,609		22,478
Other operating expenses(3)		(179)		1,023
Other (income) expense — net		(9,389)		3,075
Income tax expense		12,551		7,811
Net income	$	40,995	$	30,147

(1) Cost of sales standard represents costs of goods sold measured at the internal standard cost for production of inventory. Inventory standard costs include material, labor and manufacturing overhead.

(2) Cost of sales other includes amortization expense associated with our developed technology and license agreement intangible assets, freight and handling associated with shipments to customers, provisions based on estimated excess, slow moving and obsolete inventories, manufacturing and price variances, and royalties.

(3) Other operating expenses include contingent consideration expense (benefit) related to the changes in fair value of contingent payments associated with acquisitions.