XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
NET SALES $ 179,337 $ 156,975 $ 536,955 $ 446,123
COST OF SALES 98,823 89,160 296,358 251,354
GROSS PROFIT 80,514 67,815 240,597 194,769
OPERATING EXPENSES:        
Selling, general and administrative 54,716 53,198 169,896 138,556
Research and development 12,838 11,424 38,676 33,440
Contingent consideration (benefit) expense 20 (94) 39 99
Acquired in-process research and development 12,061 300 12,136 400
Total operating expenses 79,635 64,828 220,747 172,495
INCOME FROM OPERATIONS 879 2,987 19,850 22,274
OTHER INCOME (EXPENSE):        
Interest income 94 29 266 55
Interest expense (1,590) (3,022) (5,935) (6,120)
Gain on bargain purchase (778) 0 10,796 0
Other income (expense) — net (810) 1 (376) (445)
Other income (expense) — net (3,084) (2,992) 4,751 (6,510)
INCOME (LOSS) BEFORE INCOME TAXES (2,205) (5) 24,601 15,764
INCOME TAX EXPENSE (BENEFIT) 1,400 (978) 3,900 3,100
NET INCOME (LOSS) $ (3,569) $ 973 $ 20,717 $ 12,615
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ (0.07) $ 0.02 $ 0.43 $ 0.28
Diluted (in dollars per share) $ (0.07) $ 0.02 $ 0.42 $ 0.28
AVERAGE COMMON SHARES:        
Basic (in shares) 50,150 44,447 48,332 44,346
Diluted (in shares) 51,599 45,000 49,555 44,763