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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 307,471 $ 327,169 $ 950,685 $ 1,059,662
Cost of goods sold 188,919 192,582 592,961 624,274
Gross Profit 118,552 134,587 357,724 435,388
OPERATING EXPENSES:        
Selling, general and administrative 65,876 76,640 206,333 243,471
Research and development 12,002 13,181 36,024 39,342
Restructuring, strategic transaction and integration 7,975 24,012 69,408 64,271
Change in fair value of contingent earn-out (200) 18,500 (47,400) 20,500
contract settlement 0 0 3,822 28,917
TOTAL OPERATING EXPENSES 85,653 132,333 268,187 396,501
INCOME (LOSS) FROM OPERATIONS 32,899 2,254 89,537 38,887
Interest Expense (139) (283) (411) (548)
OTHER INCOME (EXPENSE), net (10) (534) 4,660 (3,482)
INCOME BEFORE INCOME TAXES 32,750 1,437 93,786 34,857
(PROVISION) BENEFIT FOR INCOME TAXES (6,187) (1,218) (13,392) 1,291
NET INCOME $ 26,563 $ 219 $ 80,394 $ 36,148
NET INCOME (LOSS) PER SHARE        
Basic (in dollars per share) $ 1.29 $ 0.01 $ 3.90 $ 1.78
Diluted (in dollars per share) $ 1.24 $ 0.01 $ 3.73 $ 1.67
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 20,666 20,474 20,607 20,362
Diluted (in shares) 21,487 21,633 21,556 21,588