XML 62 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
REVENUE $ 97,515 $ 77,550 $ 303,448 $ 177,271
COST OF SALES 17,286 16,123 57,172 35,216
Gross margin 80,229 61,427 246,276 142,055
OPERATING EXPENSES:        
Research and development 16,787 13,616 51,449 38,922
Selling, general and administrative 12,623 12,120 40,531 34,473
Amortization of acquired technology and other intangible assets 5,493 5,493 16,469 16,479
Patent costs 1,659 1,937 5,145 5,691
Royalty and license expense 2,837 2,229 8,828 5,028
Total operating expenses 39,399 35,395 122,422 100,593
OPERATING INCOME 40,830 26,032 123,854 41,462
Interest income, net 2,748 2,118 8,336 5,155
Other income (expense), net 53 (7) 740 (66)
Interest and other income, net 2,801 2,111 9,076 5,089
INCOME BEFORE INCOME TAXES 43,631 28,143 132,930 46,551
INCOME TAX EXPENSE (6,669) (5,325) (21,054) (6,960)
NET INCOME $ 36,962 $ 22,818 $ 111,876 $ 39,591
NET INCOME PER COMMON SHARE:        
BASIC $ 0.78 $ 0.48 $ 2.36 $ 0.83
DILUTED $ 0.78 $ 0.48 $ 2.36 $ 0.83
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE:        
BASIC 46,980,439 46,869,998 46,947,109 46,841,036
DILUTED 47,013,919 46,914,553 46,983,901 46,893,768
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.10 $ 0.06 $ 0.30 $ 0.18