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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Unaudited Consolidated Statements of Operations        
Sales, net $ 440,949 $ 361,311 $ 838,408 $ 712,931
Cost of sales 278,791 226,278 531,934 440,395
Gross profit 162,158 135,033 306,474 272,536
Operating expenses:        
Research and development 48,009 40,119 91,623 80,287
Selling, general, and administrative 55,022 48,110 104,340 94,841
Amortization of intangible assets 6,523 5,513 12,032 10,897
Restructuring expense (benefit) (161) 211 1,057 1,249
Total operating expenses 109,393 93,953 209,052 187,274
Operating income 52,765 41,080 97,422 85,262
Other income (expense), net 3,249 (3,662) 2,407 (4,169)
Income from continuing operations, before income taxes 56,014 37,418 99,829 81,093
Provision for income taxes 11,203 1,876 18,156 7,160
Income from continuing operations 44,811 35,542 81,673 73,933
Income (loss) from discontinued operations, net of income taxes 180 (102) 82 208
Net income 44,991 35,440 81,755 74,141
Income from continuing operations attributable to noncontrolling interest 21 31 7 64
Net income attributable to Advanced Energy Industries, Inc. $ 44,970 $ 35,409 $ 81,748 $ 74,077
Basic weighted-average common shares outstanding 37,520 38,389 37,535 38,359
Diluted weighted-average common shares outstanding 37,710 38,586 37,754 38,589
Earnings per share:        
Continuing operations: Basic earnings per share $ 1.19 $ 0.93 $ 2.18 $ 1.93
Continuing operations: Diluted earnings per share 1.19 0.92 2.16 1.91
Discontinued operations: Basic earnings (loss) per share       0.01
Discontinued operations: Diluted earnings (loss) per share       0.01
Net income:        
Basic earnings per share 1.20 0.92 2.18 1.93
Diluted earnings per share $ 1.19 $ 0.92 $ 2.17 $ 1.92