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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Revenue $ 725,625 $ 806,338 $ 766,083
Cost of revenue 189,754 206,052 187,289
Gross margin 535,871 600,286 578,794
Research, development, and engineering expenses 119,427 116,445 99,205
Selling, general, and administrative expenses 273,842 262,699 220,728
Operating income 142,602 221,142 258,861
Foreign currency gain (loss) (509) (1,064) (1,601)
Investment income 19,689 14,715 9,542
Other income (expense) 1,212 (219) (338)
Income before income tax expense 162,994 234,574 266,464
Income tax expense on continuing operations (40,871) 15,307 89,752
Net income $ 203,865 $ 219,267 $ 176,712
Net Income per weighted-average common and common-equivalent share (1):      
Net income (in dollars per share) $ 1.19 $ 1.27 $ 1.02
Diluted earnings per weighted-average common and common-equivalent share (1):      
Net income (in dollars per share) $ 1.16 $ 1.24 $ 0.98
Weighted-average common and common-equivalent shares outstanding (1):      
Basic (in shares) 171,194 172,333 173,287
Diluted (in shares) 175,269 177,406 179,551
Cash dividends per common share (in dollars per share) [1] $ 0.2050 $ 0.1850 $ 0.1675
[1] Prior period results have been adjusted to reflect the two-for-one stock split effected in the form of a stock dividend which occurred in the fourth quarter of 2017.2