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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 303,379 $ 312,282 $ 631,986 $ 643,214
Cost of goods sold 197,095 208,413 404,287 404,042
Gross Profit 106,284 103,869 227,699 239,172
OPERATING EXPENSES:        
Selling, general and administrative 67,242 67,824 139,547 140,457
Research and development 10,279 11,199 21,025 24,022
Restructuring, strategic transaction and integration 6,482 37,041 18,789 61,433
Change in fair value of contingent earn-out 2,700 (39,500) 2,700 (47,200)
contract settlement 25 1,039 25 3,822
TOTAL OPERATING EXPENSES 86,728 77,603 182,086 182,534
INCOME FROM OPERATIONS 19,556 26,266 45,613 56,638
Interest Expense (771) (139) (967) (272)
OTHER INCOME (EXPENSE), net 2,053 1,479 (3,427) 4,670
INCOME BEFORE INCOME TAXES 20,838 27,606 41,219 61,036
PROVISION FOR INCOME TAXES (1,930) (4,773) (5,477) (7,205)
NET INCOME $ 18,908 $ 22,833 $ 35,742 $ 53,831
NET INCOME PER SHARE        
Basic (in dollars per share) $ 0.91 $ 1.11 $ 1.72 $ 2.62
Diluted (in dollars per share) $ 0.88 $ 1.06 $ 1.66 $ 2.50
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 20,880 20,622 20,831 20,577
Diluted (in shares) 21,506 21,520 21,545 21,546