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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES:        
Net sales $ 331,218 $ 96,712 $ 578,461 $ 186,561
Other Revenue, Net 296 9 792 15
TOTAL REVENUE 331,514 96,721 579,253 186,576
COST OF GOODS SOLD 243,452 46,589 402,246 87,211
GROSS PROFIT 88,062 50,132 177,007 99,365
OPERATING EXPENSES:        
Selling, general and administrative 85,106 22,491 149,992 44,466
Research and development 12,967 3,338 24,608 6,651
Restructuring and strategic transaction 19,921 1,533 49,322 1,533
Change in fair value of earn-out 6,000 0 6,000 0
TOTAL OPERATING EXPENSES 123,994 27,362 229,922 52,650
(LOSS) INCOME FROM OPERATIONS (35,932) 22,770 (52,915) 46,715
Bargain purchase gain 0 1,110 63,237 1,110
Interest Expense (525) (48) (1,038) (77)
OTHER (EXPENSE) INCOME, net (2,720) 125 (2,613) 301
(LOSS) INCOME BEFORE INCOME TAXES (39,177) 23,957 6,671 48,049
BENEFIT (PROVISION) FOR INCOME TAXES 2,117 (7,351) 12,132 (13,283)
NET (LOSS) INCOME $ (37,060) $ 16,606 $ 18,803 $ 34,766
NET (LOSS) INCOME PER SHARE        
Basic (in dollars per share) $ (1.87) $ 1.03 $ 0.98 $ 2.16
Diluted (in dollars per share) $ (1.87) $ 0.98 $ 0.93 $ 2.05
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 19,821 16,091 19,153 16,070
Diluted (in shares) 19,821 17,000 20,312 16,964