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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Total revenue $ 620,103 $ 580,752 $ 1,196,159 $ 1,118,408
Cost of Revenue:        
Cost of service revenue 262,250 248,313 506,709 482,870
Gross profit 357,853 332,439 689,450 635,538
Expenses:        
Sales and marketing 101,364 96,255 207,948 196,356
General and administrative 59,955 61,080 120,316 122,011
Research and development 32,259 29,510 63,773 58,533
Income from operations 164,275 145,594 297,413 258,638
Interest expense (8,186) (8,457) (16,572) (17,731)
Interest income 33 172 73 751
Income before provision for income taxes 156,122 137,309 280,914 241,658
Provision for income taxes 30,421 28,629 52,504 43,502
Net income 125,701 108,680 228,410 198,156
Less: Net income attributable to noncontrolling interest (5) (11) 23 14
Net income attributable to IDEXX Laboratories, Inc. stockholders $ 125,706 $ 108,691 $ 228,387 $ 198,142
Earnings per Share:        
Basic (in dollars per share) $ 1.46 $ 1.25 $ 2.65 $ 2.27
Diluted (in dollars per share) $ 1.43 $ 1.23 $ 2.61 $ 2.23
Weighted Average Shares Outstanding:        
Basic (in shares) 86,215 87,004 86,210 87,166
Diluted (in shares) 87,615 88,596 87,594 88,786
Product revenue        
Revenue:        
Total revenue $ 365,638 $ 348,621 $ 699,696 $ 666,061
Cost of Revenue:        
Cost of service revenue 127,893 127,270 245,276 245,516
Service revenue        
Revenue:        
Total revenue 254,465 232,131 496,463 452,347
Cost of Revenue:        
Cost of service revenue $ 134,357 $ 121,043 $ 261,433 $ 237,354