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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Unaudited Consolidated Statements of Operations        
Revenue, net $ 364,947 $ 415,508 $ 692,422 $ 840,548
Cost of revenue 237,206 268,428 451,852 538,357
Gross profit 127,741 147,080 240,570 302,191
Operating expenses:        
Research and development 52,335 51,413 102,171 103,023
Selling, general, and administrative 55,013 55,613 110,137 110,971
Amortization of intangible assets 6,800 7,075 13,747 14,137
Restructuring, asset impairments, and other charges 625 3,154 870 4,197
Total operating expenses 114,773 117,255 226,925 232,328
Operating income 12,968 29,825 13,645 69,863
Interest income 12,119 4,301 24,764 7,886
Interest expense (6,956) (2,858) (14,083) (5,588)
Other income (expense), net 638 982 2,017 (423)
Income from continuing operations, before income tax 18,769 32,250 26,343 71,738
Income tax provision 3,165 4,795 4,952 12,531
Income from continuing operations 15,604 27,455 21,391 59,207
Loss from discontinued operations, net of income tax (575) (315) (1,146) (1,146)
Net income $ 15,029 $ 27,140 $ 20,245 $ 58,061
Basic weighted-average common shares outstanding 37,474 37,573 37,417 37,524
Diluted weighted-average common shares outstanding 37,777 37,803 37,733 37,804
Earnings per share:        
Basic earnings per share $ 0.42 $ 0.73 $ 0.57 $ 1.58
Diluted earnings per share 0.41 0.73 0.57 1.57
Basic loss per share (0.02) (0.01) (0.03) (0.03)
Diluted loss per share (0.02) (0.01) (0.03) (0.03)
Net income:        
Basic earnings per share 0.40 0.72 0.54 1.55
Diluted earnings per share $ 0.40 $ 0.72 $ 0.54 $ 1.54