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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 3,318,602 $ 2,619,319 $ 2,923,377
Cost of sales 2,017,923 2,549,461 2,193,423
Gross profit 1,300,679 69,858 729,954
Operating expenses:      
Selling, general and administrative 197,622 164,724 170,320
Research and development 152,307 112,804 99,115
Production start-up 64,777 73,077 21,052
Litigation loss 35,590 0 0
Total operating expenses 450,296 350,605 290,487
Gain on sales of businesses, net 6,883 253,511 147,284
Operating income (loss) 857,266 (27,236) 586,751
Foreign currency loss, net (21,533) (16,414) (7,975)
Interest income 97,667 33,284 6,179
Interest expense, net (12,965) (12,225) (13,107)
Other (expense) income, net (29,145) 31,189 314
Income before taxes 891,290 8,598 572,162
Income tax expense (60,513) (52,764) (103,469)
Net income (loss) $ 830,777 $ (44,166) $ 468,693
Net income (loss) per share:      
Basic $ 7.78 $ (0.41) $ 4.41
Diluted $ 7.74 $ (0.41) $ 4.38
Weighted-average number of shares used in per share calculations:      
Basic 106,795 106,551 106,263
Diluted 107,372 106,551 106,924