XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
NET SALES $ 186,549 $ 151,071 $ 357,618 $ 289,148
COST OF SALES 102,408 84,217 197,535 162,193
GROSS PROFIT 84,141 66,854 160,083 126,955
OPERATING EXPENSES:        
Selling, general and administrative 57,409 43,653 115,180 85,358
Research and development 13,313 11,429 25,838 22,016
Contingent consideration (benefit) expense (18) 91 19 193
Acquired in-process research and development 75 100 75 100
Total operating expenses 70,779 55,273 141,112 107,667
INCOME FROM OPERATIONS 13,362 11,581 18,971 19,288
OTHER INCOME (EXPENSE):        
Interest income 89 16 172 25
Interest expense (1,639) (1,768) (4,345) (3,097)
Gain on bargain purchase (669) 0 11,574 0
Other income (expense) — net 170 33 434 (447)
Other income (expense) — net (2,049) (1,719) 7,835 (3,519)
INCOME BEFORE INCOME TAXES 11,313 9,862 26,806 15,769
INCOME TAX EXPENSE 1,830 2,572 2,520 4,128
NET INCOME $ 9,483 $ 7,290 $ 24,286 $ 11,641
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.19 $ 0.16 $ 0.51 $ 0.26
Diluted (in dollars per share) $ 0.19 $ 0.16 $ 0.50 $ 0.26
AVERAGE COMMON SHARES:        
Basic (in shares) 49,957 44,308 47,406 44,297
Diluted (in shares) 51,188 44,703 48,516 44,647