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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales, net:        
Total sales, net $ 339,880 $ 134,810 $ 655,336 $ 275,553
Cost of sales:        
Total cost of sales 209,576 70,684 412,801 145,687
Gross profit 130,304 64,126 242,535 129,866
Operating expenses:        
Research and development 35,855 21,840 70,625 43,129
Selling, general and administrative 48,174 27,612 94,165 56,626
Amortization of intangible assets 5,009 1,874 10,015 3,847
Restructuring expense 5,790 1,795 6,446 3,468
Total operating expenses 94,828 53,121 181,251 107,070
Operating income 35,476 11,005 61,284 22,796
Other income (expense), net (1,587) 15,545 (5,097) 16,288
Income from continuing operations, before income taxes 33,889 26,550 56,187 39,084
Provision for income taxes 4,610 3,177 8,510 324
Income from continuing operations 29,279 23,373 47,677 38,760
Income (loss) from discontinued operations, net of income taxes (151) 8,324 (471) 8,315
Net income 29,128 31,697 47,206 47,075
Income (loss) from continuing operations attributable to noncontrolling interest (16) 11 (1) 19
Net income attributable to Advanced Energy Industries, Inc. $ 29,144 $ 31,686 $ 47,207 $ 47,056
Basic weighted-average common shares outstanding 38,294 38,274 38,326 38,236
Diluted weighted-average common shares outstanding 38,458 38,462 38,525 38,443
Earnings per share:        
Continuing operations: Basic earnings per share $ 0.77 $ 0.61 $ 1.24 $ 1.01
Continuing operations: Diluted earnings per share 0.76 0.61 1.24 1.01
Discontinued operations: Basic earnings per share   0.22 (0.01) 0.22
Discontinued operations: Diluted earnings per share   0.22 (0.01) 0.22
Net income:        
Basic earnings per share 0.76 0.83 1.23 1.23
Diluted earnings per share $ 0.76 $ 0.82 $ 1.23 $ 1.22
Product [Member]        
Sales, net:        
Total sales, net $ 311,770 $ 106,193 $ 601,131 $ 218,305
Cost of sales:        
Total cost of sales 195,535 56,113 386,601 116,914
Services [Member]        
Sales, net:        
Total sales, net 28,110 28,617 54,205 57,248
Cost of sales:        
Total cost of sales $ 14,041 $ 14,571 $ 26,200 $ 28,773