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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Sales, net:        
Total sales, net $ 175,127 $ 173,082 $ 450,680 $ 564,731
Cost of sales:        
Total cost of sales 101,636 87,543 247,323 274,312
Gross profit 73,491 85,539 203,357 290,419
Operating expenses:        
Research and development 24,546 18,451 67,675 55,283
Selling, general and administrative 36,401 25,386 93,027 78,792
Amortization of intangible assets 3,002 1,437 6,849 3,958
Restructuring expense 152 403 3,620 403
Total operating expenses 64,101 45,677 171,171 138,436
Operating income 9,390 39,862 32,186 151,983
Other income (expense), net 1,361 401 17,649 (58)
Income from continuing operations, before income taxes 10,751 40,263 49,835 151,925
Provision for income taxes 3,495 5,106 3,819 23,998
Income from continuing operations 7,256 35,157 46,016 127,927
Income (loss) from discontinued operations, net of income taxes 375 (371) 8,690 (226)
Net income 7,631 34,786 54,706 127,701
Income from continuing operations attributable to noncontrolling interest 10 7 29 82
Net income attributable to Advanced Energy Industries, Inc. $ 7,621 $ 34,779 $ 54,677 $ 127,619
Basic weighted-average common shares outstanding 38,313 38,970 38,258 39,309
Diluted weighted-average common shares outstanding 38,489 39,195 38,457 39,594
Continuing operations: Basic earnings per share $ 0.19 $ 0.90 $ 1.20 $ 3.25
Continuing operations: Diluted earnings per share 0.19 0.90 1.20 3.23
Discontinued operations: Basic earnings per share 0.01 (0.01) 0.23 (0.01)
Discontinued operations: Diluted earnings per share 0.01 (0.01) 0.23 (0.01)
Basic earnings per share 0.20 0.89 1.43 3.25
Diluted earnings per share $ 0.20 $ 0.89 $ 1.42 $ 3.23
Product [Member]        
Sales, net:        
Total sales, net $ 148,138 $ 144,843 $ 366,443 $ 485,287
Cost of sales:        
Total cost of sales 87,536 73,019 204,450 233,778
Service [Member]        
Sales, net:        
Total sales, net 26,989 28,239 84,237 79,444
Cost of sales:        
Total cost of sales $ 14,100 $ 14,524 $ 42,873 $ 40,534