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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net Revenues:        
Total net revenues $ 180,556 $ 120,129 $ 466,290 $ 363,964
Cost of revenues 72,153 61,619 211,309 186,272
Gross profit 108,403 58,510 254,981 177,692
Operating expenses:        
Selling, distribution, and marketing 6,407 4,784 20,234 16,059
General and administrative 12,654 11,984 38,418 34,433
Research and development 16,664 18,514 53,322 57,535
Total operating expenses 35,725 35,282 111,974 108,027
Income from operations 72,678 23,228 143,007 69,665
Non-operating income (expenses):        
Interest income 1,202 331 3,156 741
Interest expense (13,702) (566) (17,702) (1,318)
Other income (expenses), net 3,459 (397) 1,553 5,692
Total non-operating income (expenses), net (9,041) (632) (12,993) 5,115
Income before income taxes 63,637 22,596 130,014 74,780
Income tax provision 14,025 6,559 27,160 16,187
Income before equity in losses of unconsolidated affiliate 49,612 16,037 102,854 58,593
Equity in losses of unconsolidated affiliates (390) (163) (1,476) (1,120)
Net income (loss) $ 49,222 $ 15,874 $ 101,378 $ 57,473
Net income per share        
Basic (in Dollars per share) $ 1.01 $ 0.32 $ 2.10 $ 1.18
Diluted (in Dollars per share) $ 0.91 $ 0.30 $ 1.91 $ 1.09
Weighted-average shares used to compute net income per shares        
Basic (in Shares) 48,701 48,904 48,368 48,635
Diluted (in Shares) 53,921 52,788 52,997 52,665
Product revenues, net        
Net Revenues:        
Total net revenues $ 151,855 $ 120,129 $ 437,589 $ 363,964
Other revenues        
Net Revenues:        
Total net revenues $ 28,701   $ 28,701