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Condensed Consolidated Statement of Operations Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Sales Revenue, Goods, Net $ 128,827 $ 86,293
Sales Revenue, Services, Net 20,524 16,751
Total sales 149,351 103,044
Cost of Goods Sold 60,117 40,815
Cost of Services 10,403 8,769
Total cost of sales 70,520 49,584
Gross profit 78,831 53,460
Research and development 12,503 10,765
Selling, general and administrative 22,098 18,016
Amortization of intangible assets 962 1,058
Total operating expenses 35,563 29,839
Operating income 43,268 23,621
Other (expense) income, net (3,208) 357
Income from continuing operations before income taxes 40,060 23,978
Provision for income taxes 4,619 3,758
Income from continuing operations 35,441 20,220
Income from discontinued operations, net of income taxes 2,094 2,061
Net income $ 37,535 $ 22,281
Basic weighted-average common shares outstanding 39,738 39,814
Diluted weighted-average common shares outstanding 40,179 40,100
Income (Loss) from Continuing Operations, Per Basic Share $ 0.89 $ 0.51
Income (Loss) from Continuing Operations, Per Diluted Share 0.88 0.50
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0.05 0.05
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0.05 0.05
Earnings Per Share, Basic 0.94 0.56
Earnings Per Share, Diluted $ 0.93 $ 0.56