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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
REVENUES:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 312,282 $ 360,460 $ 643,214 $ 732,493
Cost of goods sold 208,413 208,660 404,042 431,692
Gross Profit 103,869 151,800 239,172 300,801
OPERATING EXPENSES:        
Selling, general and administrative 67,824 81,816 140,457 166,831
Research and development 11,199 13,575 24,022 26,161
Restructuring, strategic transaction and integration 37,041 18,690 61,433 40,259
Change in fair value of contingent earn-out (39,500) 6,000 (47,200) 2,000
contract settlement 1,039 0 3,822 28,917
TOTAL OPERATING EXPENSES 77,603 120,081 182,534 264,168
INCOME (LOSS) FROM OPERATIONS 26,266 31,719 56,638 36,633
Interest Expense (139) (130) (272) (265)
OTHER INCOME (EXPENSE), net 1,479 (1,992) 4,670 (2,948)
INCOME BEFORE INCOME TAXES 27,606 29,597 61,036 33,420
(PROVISION) BENEFIT FOR INCOME TAXES (4,773) 1,457 (7,205) 2,509
NET INCOME $ 22,833 $ 31,054 $ 53,831 $ 35,929
NET INCOME (LOSS) PER SHARE        
Basic (in dollars per share) $ 1.11 $ 1.53 $ 2.62 $ 1.77
Diluted (in dollars per share) $ 1.06 $ 1.44 $ 2.50 $ 1.67
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 20,622 20,352 20,577 20,304
Diluted (in shares) 21,520 21,569 21,546 21,536