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Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
NET SALES $ 168,171 $ 137,927 $ 310,023 $ 261,119
COST OF SALES 78,249 63,017 144,460 117,525
GROSS PROFIT 89,922 74,910 165,563 143,594
OPERATING EXPENSES:        
Sales and marketing 6,845 5,854 12,713 10,986
Research and development 10,483 7,229 19,281 14,369
General and administrative 12,829 8,736 24,639 18,685
Gain on foreign exchange (110) (3,354) (591) (2,068)
Total operating expenses 30,047 18,465 56,042 41,972
OPERATING INCOME 59,875 56,445 109,521 101,622
OTHER (EXPENSE) INCOME, Net:        
Interest (expense) income, net (35) 615 (88) 486
Other expense, net (239) (92) (169) (1,186)
Total other (expense) income (274) 523 (257) (700)
INCOME BEFORE PROVISION FOR INCOME TAXES 59,601 56,968 109,264 100,922
PROVISION FOR INCOME TAXES (17,881) (17,119) (32,417) (30,525)
NET INCOME 41,720 39,849 76,847 70,397
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0 2,107 0 2,740
NET INCOME ATTRIBUTABLE TO IPG PHOTONICS CORPORATION $ 41,720 $ 37,742 $ 76,847 $ 67,657
NET INCOME ATTRIBUTABLE TO IPG PHOTONICS CORPORATION PER SHARE:        
Basic (in dollars per share) $ 0.81 $ 0.74 $ 1.49 $ 1.37
Diluted (in dollars per share) $ 0.80 $ 0.72 $ 1.47 $ 1.34
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic (shares) 51,462 50,989 51,435 49,717
Diluted (shares) 52,385 52,071 52,357 50,826