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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 794,108 $ 548,286
Cost of sales 448,105 436,235
Gross profit 346,003 112,051
Operating expenses:    
Selling, general and administrative 45,827 44,028
Research and development 42,742 30,510
Production start-up 15,408 19,494
Total operating expenses 103,977 94,032
Gain on sales of businesses, net 1,115 (17)
Operating income 243,141 18,002
Foreign currency loss, net (2,858) (5,947)
Interest income 27,245 25,822
Interest expense, net (9,210) (748)
Other expense, net (2,799) (1,456)
Income before taxes 255,519 35,673
Income tax (expense) benefit (18,903) 6,888
Net income $ 236,616 $ 42,561
Net income per share:    
Basic $ 2.21 $ 0.40
Diluted $ 2.20 $ 0.40
Weighted-average number of shares used in per share calculations:    
Basic 106,910 106,675
Diluted 107,407 107,154