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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES:        
Net sales $ 343,084 $ 97,098 $ 921,544 $ 283,659
Other Revenue, Net 152 10 945 25
TOTAL REVENUE 343,236 97,108 922,489 283,684
COST OF GOODS SOLD 231,638 45,835 633,884 133,046
GROSS PROFIT 111,598 51,273 288,605 150,638
OPERATING EXPENSES:        
Selling, general and administrative 76,820 22,362 226,812 66,828
Research and development 12,769 3,650 37,377 10,301
Restructuring and strategic transaction 18,711 2,806 68,033 4,339
Change in fair value of earn-out 7,000 0 13,000 0
TOTAL OPERATING EXPENSES 115,300 28,818 345,222 81,468
(LOSS) INCOME FROM OPERATIONS (3,702) 22,455 (56,617) 69,170
Bargain purchase gain 8,534 346 71,771 1,456
Interest Expense (705) (58) (1,743) (135)
OTHER (EXPENSE) INCOME, net 583 283 (2,030) 584
(LOSS) INCOME BEFORE INCOME TAXES 4,710 23,026 11,381 71,075
BENEFIT (PROVISION) FOR INCOME TAXES (4,574) (4,220) 7,558 (17,503)
NET (LOSS) INCOME $ 136 $ 18,806 $ 18,939 $ 53,572
NET (LOSS) INCOME PER SHARE        
Basic (in dollars per share) $ 0.01 $ 1.16 $ 0.97 $ 3.32
Diluted (in dollars per share) $ 0.01 $ 1.09 $ 0.92 $ 3.13
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 19,984 16,200 19,433 16,113
Diluted (in shares) 21,106 17,286 20,603 17,100