| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
530,860 | 420,068 | 343,798 | 268,245 | 197,892 | 164,525 | 137,831 | 114,753 | 90,028 | - | - |
Cost of sales | ||||||||||
223,574 | 161,485 | 136,710 | 97,709 | 69,245 | 62,977 | 51,988 | 47,038 | 41,753 | - | - |
Excess inventory charges | ||||||||||
- | - | - | - | - | - | - | - | 3,746 | 1,278 | - |
Gross margin | ||||||||||
307,286 | 258,583 | 207,088 | 170,536 | 128,647 | 101,548 | 85,843 | 67,715 | 44,529 | 45,366 | 63,402 |
Operating expenses: | ||||||||||
Sales, general and administrative | ||||||||||
212,959 | 156,886 | 138,692 | 108,076 | 69,698 | 54,158 | 46,557 | 39,247 | 38,001 | 39,021 | 43,479 |
Research and development | ||||||||||
100,721 | 76,856 | 55,373 | 30,609 | 23,614 | 14,885 | 9,888 | 8,139 | 9,989 | 11,411 | 20,002 |
Litigation judgments | ||||||||||
- | - | - | - | - | - | -1,450 | 2,200 | -3,301 | - | - |
Loss on impairment | ||||||||||
- | - | - | - | - | - | - | - | 1,354 | - | - |
(Gain) loss on write down / disposal of property and equipment, net | ||||||||||
- | - | - | - | - | - | - | - | -2,800 | -73 | - |
Total operating expenses | ||||||||||
313,680 | 233,742 | 194,065 | 138,685 | 93,312 | 69,043 | 57,895 | 45,186 | 55,445 | 50,506 | 63,481 |
Income (loss) from operations | ||||||||||
-6,394 | 24,841 | 13,023 | 31,851 | 35,335 | 32,505 | 27,948 | 22,529 | -10,916 | -5,139 | -79 |
Interest and other income, net | ||||||||||
8,464 | 3,263 | 2,738 | -354 | 26 | -194 | 86 | 83 | 1,287 | 25 | 170 |
Income before provision for income taxes | ||||||||||
2,070 | 28,104 | 15,761 | 31,497 | 35,361 | 32,311 | 28,034 | 22,612 | -9,629 | -5,113 | 91 |
Benefit from income taxes | ||||||||||
1,188 | -1,101 | 10,554 | 14,200 | 15,428 | 12,393 | 9,790 | 7,874 | -2,589 | -729 | 92 |
Net income | ||||||||||
882 | 29,205 | 5,207 | 17,297 | 19,933 | 19,918 | 18,244 | 14,738 | -7,040 | -4,384 | -1 |
Net income per common and common equivalent shares: | ||||||||||
Basic (in dollars per share) | ||||||||||
0.01 | 0.52 | 0.10 | 0.33 | 0.37 | 0.38 | 0.35 | 0.27 | -0.12 | -0.07 | 0.00 |
Diluted (in dollars per share) | ||||||||||
0.01 | 0.50 | 0.10 | 0.32 | 0.36 | 0.37 | 0.34 | 0.27 | -0.12 | -0.07 | 0.00 |
Weighted average number of common and common equivalent shares outstanding: | ||||||||||
Basic (in shares) | ||||||||||
59,190 | 56,392 | 52,726 | 52,667 | 53,548 | 52,948 | 51,880 | 53,827 | 59,436 | 62,524 | 61,920 |
Diluted (in shares) | ||||||||||
60,018 | 57,922 | 53,898 | 53,536 | 54,638 | 54,500 | 54,152 | 54,723 | 59,436 | 62,524 | 61,920 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | ||||||||||
Net income | ||||||||||
882 | 29,205 | 5,207 | 17,297 | 19,933 | 19,918 | 18,244 | 14,738 | -7,040 | -4,384 | -1 |
Foreign currency translation adjustments | ||||||||||
417 | -46 | -2,370 | 820 | 19 | 66 | 55 | 24 | -45 | -35 | - |
Comprehensive income | ||||||||||
1,299 | 29,159 | 2,837 | 18,117 | 19,952 | 19,984 | 18,299 | 14,762 | -7,085 | -4,419 | -1 |
Product | ||||||||||
Net sales | ||||||||||
399,474 | 327,635 | 285,859 | 238,573 | 185,230 | - | - | - | - | 86,930 | 104,251 |
Cost of sales | ||||||||||
190,683 | 139,337 | 117,997 | 91,536 | 65,022 | - | - | - | - | 41,563 | 40,849 |
Service | ||||||||||
Net sales | ||||||||||
131,386 | 92,433 | 57,939 | 29,672 | 12,662 | - | - | - | - | - | - |
Cost of sales | ||||||||||
32,891 | 22,148 | 18,713 | 6,173 | 4,223 | - | - | - | - | - | - |