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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated Statements of Operations      
Revenue, net $ 1,482,042 $ 1,655,810 $ 1,845,422
Cost of revenue 952,699 1,063,412 1,169,916
Gross profit 529,343 592,398 675,506
Operating expenses:      
Research and development 211,834 202,439 191,020
Selling, general, and administrative 224,538 221,034 218,463
Amortization of intangible assets 26,046 28,254 26,114
Restructuring, asset impairments, and other charges 30,318 26,977 6,814
Total operating expenses 492,736 478,704 442,411
Operating income 36,607 113,694 233,095
Interest income 42,860 27,092 4,147
Interest expense (25,105) (16,566) (7,325)
Other income (expense), net (1,985) (1,759) 11,824
Income from continuing operations, before income tax 52,377 122,461 241,741
Income tax provision (benefit) (3,929) (8,288) 39,850
Income from continuing operations 56,306 130,749 201,891
Loss from discontinued operations, net of income tax (2,092) (2,465) (2,215)
Net income 54,214 128,284 199,676
Income from continuing operations attributable to noncontrolling interest     16
Net income attributable to Advanced Energy Industries, Inc. $ 54,214 $ 128,284 $ 199,660
Basic weighted-average common shares outstanding 37,476 37,480 37,463
Diluted weighted-average common shares outstanding 37,839 37,750 37,721
Earnings (loss) per share:      
Basic earnings per share $ 1.5 $ 3.49 $ 5.39
Diluted earnings per share 1.49 3.46 5.35
Basic loss per share (0.06) (0.07) (0.06)
Diluted loss per share (0.06) (0.07) (0.06)
Net income:      
Basic earnings per share 1.45 3.42 5.33
Diluted earnings per share $ 1.43 $ 3.4 $ 5.29