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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES:        
Net sales $ 360,460 $ 331,218 $ 732,493 $ 578,461
Other 0 296 0 792
TOTAL REVENUE 360,460 331,514 732,493 579,253
COST OF GOODS SOLD 208,660 243,452 431,692 402,246
GROSS PROFIT 151,800 88,062 300,801 177,007
OPERATING EXPENSES:        
Selling, general and administrative 83,538 85,106 170,535 149,992
Research and development 13,575 12,967 26,161 24,608
Restructuring, strategic transaction and integration 18,690 19,921 40,259 49,322
Change in fair value of contingent earn-out 6,000 6,000 2,000 6,000
Contract settlement 0 0 28,917 0
TOTAL OPERATING EXPENSES 121,803 123,994 267,872 229,922
INCOME (LOSS) FROM OPERATIONS 29,997 (35,932) 32,929 (52,915)
Bargain purchase gain 0 0 0 63,237
Interest Expense (130) (525) (265) (1,038)
OTHER INCOME (EXPENSE), net (270) (2,720) 756 (2,613)
INCOME (LOSS) BEFORE INCOME TAXES 29,597 (39,177) 33,420 6,671
BENEFIT FOR INCOME TAXES 1,457 2,117 2,509 12,132
NET INCOME (LOSS) $ 31,054 $ (37,060) $ 35,929 $ 18,803
NET INCOME (LOSS) PER SHARE        
Basic (in dollars per share) $ 1.53 $ (1.87) $ 1.77 $ 0.98
Diluted (in dollars per share) $ 1.44 $ (1.87) $ 1.67 $ 0.93
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 20,352 19,821 20,304 19,153
Diluted (in shares) 21,569 19,821 21,536 20,312