| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Sales | |||||||||
785,368 | 712,969 | 635,977 | 563,994 | 544,753 | 474,371 | 434,459 | 385,994 | 331,478 | 288,195 |
Cost of goods sold | |||||||||
179,975 | 159,410 | 150,453 | 134,705 | 132,333 | 110,769 | 100,343 | 75,199 | 68,796 | 53,825 |
Gross profit | |||||||||
605,393 | 553,559 | 485,524 | 429,289 | 412,420 | 363,602 | 334,116 | 310,795 | 262,682 | 234,370 |
Operating expenses | |||||||||
Research and development | |||||||||
60,073 | 55,496 | 43,679 | 44,532 | 36,312 | 31,166 | 26,870 | 27,926 | 23,464 | 21,309 |
Selling, general and administrative | |||||||||
354,757 | 311,591 | 267,817 | 222,156 | 210,241 | 188,632 | 182,518 | 168,862 | 140,386 | 122,589 |
Provision for litigation | |||||||||
2,190 | 5,878 | 2,668 | 3,156 | -11,268 | 5,667 | 23,055 | -786 | 1,470 | -2,787 |
Amortization of intangibles | |||||||||
13,809 | 9,588 | 7,909 | 3,478 | 1,561 | 712 | - | - | - | - |
Acquisition related costs | |||||||||
2,575 | 1,681 | 1,611 | 1,826 | 3,352 | -937 | - | - | - | - |
Total operating expenses | |||||||||
433,404 | 384,234 | 323,684 | 275,148 | 240,198 | 225,240 | 232,443 | 196,002 | 165,320 | 146,685 |
Operating income | |||||||||
171,989 | 169,325 | 161,840 | 154,141 | 172,222 | 138,362 | 101,673 | 114,793 | 97,362 | 87,685 |
Interest income/(expense), net | |||||||||
17,406 | 13,278 | 6,608 | 3,057 | 1,304 | 805 | 467 | 80 | - | - |
Foreign currency transaction gain/(loss) | |||||||||
75 | 360 | 909 | -482 | -1,159 | -899 | -804 | -220 | - | - |
Other income/(expense) | |||||||||
476 | 5,642 | 571 | 563 | 438 | 374 | 665 | 0 | - | - |
Total other income/(expense), net | |||||||||
17,957 | 19,280 | 8,088 | 3,138 | 583 | 280 | 328 | -140 | -413 | 54 |
Income before income taxes | |||||||||
189,946 | 188,605 | 169,928 | 157,279 | 172,805 | 138,642 | 102,001 | 114,653 | 96,949 | 87,739 |
Income tax provision | |||||||||
34,736 | 32,131 | 62,580 | 52,938 | 60,021 | 46,157 | 33,389 | 40,822 | 36,165 | 33,281 |
Net income | |||||||||
155,210 | 156,474 | 107,348 | 104,341 | 112,784 | 92,485 | 68,612 | 73,831 | 60,784 | 54,458 |
Earnings per share | |||||||||
Basic | |||||||||
1.57 | 1.60 | 1.12 | 1.09 | 1.19 | 0.98 | 0.74 | 0.82 | 0.69 | 0.61 |
Diluted | |||||||||
1.52 | 1.54 | 1.10 | 1.08 | 1.17 | 0.97 | 0.73 | 0.80 | 0.67 | 0.60 |
Weighted average shares outstanding | |||||||||
Basic | |||||||||
99,150 | 97,884 | 96,243 | 95,647 | 95,046 | 94,227 | 92,647 | 89,608 | 88,112 | 88,925 |
Dilutive stock options | |||||||||
2,848 | 3,432 | 1,644 | 785 | 1,027 | 1,230 | 1,545 | 2,600 | 2,308 | - |
Diluted | |||||||||
101,998 | 101,316 | 97,887 | 96,432 | 96,073 | 95,457 | 94,192 | 92,208 | 90,420 | 91,352 |
Anti-dilutive stock options excluded from weighted average calculation | |||||||||
4,494 | 2,451 | 2,873 | 5,481 | 3,348 | 1,666 | 1,975 | 2,383 | 2,054 | - |