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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales [1] $ 4,253,710 $ 3,717,366 $ 3,726,994
Cost of sales [2] 2,345,858 2,307,172 2,288,810
Gross profit 1,907,852 1,410,194 1,438,184
Operating expenses:      
Research and development expense [3] 249,387 215,660 200,641
Sales and marketing [4] 897,585 621,953 619,162
General and administrative [5] 387,316 251,207 180,124
Total operating expenses 1,534,288 1,088,820 999,927
Operating income 373,564 321,374 438,257
Interest expense, net (44,909) (27,021) (16,287)
Other (expense) income, net (35,427) 7,631 (7,644)
Income before income taxes 293,228 301,984 414,326
Provision for income taxes 126,150 69,630 83,213
Net income $ 167,078 $ 232,354 $ 331,113
Net income per share, basic (in dollars per share) $ 1.20 $ 1.67 $ 2.38
Net income per share, diluted (in dollars per share) $ 1.20 $ 1.67 $ 2.38
Weighted-average number of shares used in computing net income per share, basic (in shares) 139,025,657 138,982,872 138,982,872
Weighted-average number of shares used in computing net income per share, diluted (in shares) 139,420,254 138,982,872 138,982,872
[1] Including amounts associated with related parties of $3,133, $1,451 and $12,107 for the years ended December 31, 2023, 2022 and 2021, respectively.
[2] Including amounts associated with related parties of $1,037,844, $1,413,098 and $1,358,827 for the years ended December 31, 2023, 2022 and 2021, respectively.
[3] Including amounts associated with related parties of $3,004, $3,561 and $4,030 for the years ended December 31, 2023, 2022 and 2021, respectively.
[4] Including amounts associated with related parties of $8,200, $0 and $0 for the years ended December 31, 2023, 2022 and 2021, respectively.
[5] Including amounts associated with related parties of $22,750, $0 and $0 for the years ended December 31, 2023, 2022 and 2021, respectively.