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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenue $ 706,793 $ 590,623 $ 626,099
Cost of revenue 406,465 346,106 364,014
Gross profit 300,328 244,517 262,085
Operating expenses:      
Research and development and engineering 72,522 60,996 55,965
Selling, general and administrative 129,155 109,853 118,407
Amortization of purchased intangible assets 16,577 13,970 15,857
Restructuring, acquisition and related costs 18,020 3,810 16,574
Total operating expenses 236,274 188,629 206,803
Operating income 64,054 55,888 55,282
Interest income (expense), net (7,387) (6,564) (8,493)
Foreign exchange transaction gains (losses), net (127) (942) (780)
Other income (expense), net (368) 21 (243)
Income before income taxes 56,172 48,403 45,766
Income tax provision 5,841 3,882 4,993
Consolidated net income $ 50,331 [1] $ 44,521 [2] $ 40,773 [3]
Earnings per common share (Note 9):      
Basic $ 1.42 [1] $ 1.27 [2] $ 1.16 [3]
Diluted $ 1.41 [1] $ 1.25 [2] $ 1.15 [3]
Weighted average common shares outstanding—basic 35,396 [1] 35,144 [2] 35,030 [3]
Weighted average common shares outstanding—diluted 35,781 [1] 35,654 [2] 35,546 [3]
[1] For the year ended December 31, 2021, 45 shares of non-GAAP EPS performance-based restricted stock units and 37 shares of operating cash flow performance-based restricted stock units granted to certain members of the executive management team and 213 shares of restricted stock issued to Laser Quantum former non-controlling interest shareholders are considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of December 31, 2021.
[2] For the year ended December 31, 2020, 45 shares of non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 shares of restricted stock issued to Laser Quantum former non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of December 31, 2020.
[3] For the year ended December 31, 2019, 46 shares of non-GAAP EPS performance-based restricted stock units granted to certain members of the executive management team and 213 shares of restricted stock issued to Laser Quantum former non-controlling interest shareholders were considered contingently issuable shares and were excluded from the calculation of the denominator as the contingent conditions had not been met as of December 31, 2019.