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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 318,567 $ 307,471 $ 950,553 $ 950,685
Cost of goods sold 204,643 188,919 608,930 592,961
Gross Profit 113,924 118,552 341,623 357,724
OPERATING EXPENSES:        
Selling, general and administrative 70,854 65,876 210,401 206,333
Research and development 10,126 12,002 31,151 36,024
Restructuring, strategic transaction and integration 4,114 7,975 22,903 69,408
Change in fair value of contingent earn-out 4,300 (200) 7,000 (47,400)
contract settlement (1,000) 0 (975) 3,822
TOTAL OPERATING EXPENSES 88,394 85,653 270,480 268,187
INCOME FROM OPERATIONS 25,530 32,899 71,143 89,537
Interest Expense (616) (139) (1,583) (411)
OTHER INCOME (EXPENSE), net 1,252 (10) (2,175) 4,660
INCOME BEFORE INCOME TAXES 26,166 32,750 67,385 93,786
PROVISION FOR INCOME TAXES (1,180) (6,187) (6,657) (13,392)
NET INCOME $ 24,986 $ 26,563 $ 60,728 $ 80,394
NET INCOME PER SHARE        
Basic (in dollars per share) $ 1.19 $ 1.29 $ 2.91 $ 3.90
Diluted (in dollars per share) $ 1.16 $ 1.24 $ 2.82 $ 3.73
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 20,948 20,666 20,870 20,607
Diluted (in shares) 21,556 21,487 21,561 21,556