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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The following tables provide the selected quarterly financial data for 2023 and 2022 (in thousands, except share and per share amounts):
|  | 2023 Quarters Ended
Selected Statement of Operations Data: |  | March 31 |  | June 30 |  | September 30 |  | December 31
Revenue |  | $ | 241,398 |  |  | $ | 261,499 |  |  | $ | 270,946 |  |  | $ | 284,679 |
Cost of revenue |  | 90,326 |  |  | 94,638 |  |  | 93,228 |  |  | 97,687 |
Gross profit |  | 151,072 |  |  | 166,861 |  |  | 177,718 |  |  | 186,992 |
Acquired in-process research and development |  | — |  |  | — |  |  | 18,215 |  |  | — |
Total operating expenses |  | 143,064 |  |  | 148,972 |  |  | 165,093 |  |  | 151,963 |
Income before provision for (benefit from) income taxes |  | 8,652 |  |  | 19,536 |  |  | 13,304 |  |  | 38,158 |
Provision for (benefit from) income taxes |  | 90 |  |  | 576 |  |  | 4,090 |  |  | (16,060) |
Consolidated net income |  | 8,562 |  |  | 18,960 |  |  | 9,214 |  |  | 54,218 |
Net income attributable to Penumbra, Inc. |  | $ | 8,562 |  |  | $ | 18,960 |  |  | $ | 9,214 |  |  | $ | 54,218 |
Net income attributable to Penumbra, Inc. per share |  |  |  |  |  |  |  |
Basic |  | $ | 0.22 |  |  | $ | 0.49 |  |  | $ | 0.24 |  |  | $ | 1.40 |
Diluted |  | $ | 0.22 |  |  | $ | 0.48 |  |  | $ | 0.23 |  |  | $ | 1.38 |
Weighted average shares used to compute net income (loss) per share: |  |  |  |  |  |  |  |
Basic |  | 38,186,342 |  |  | 38,320,999 |  |  | 38,462,463 |  |  | 38,628,565 |
Diluted |  | 39,075,388 |  |  | 39,201,155 |  |  | 39,219,966 |  |  | 39,291,044 |
|  | 2022 Quarters Ended
Selected Statement of Operations Data: |  | March 31 |  | June 30 |  | September 30 |  | December 31
Revenue |  | $ | 203,895 |  |  | $ | 208,344 |  |  | $ | 213,678 |  |  | $ | 221,216 |
Cost of revenue |  | 76,477 |  |  | 74,309 |  |  | 78,351 |  |  | 82,789 |
Gross profit |  | 127,418 |  |  | 134,035 |  |  | 135,327 |  |  | 138,427 |
Total operating expenses |  | 131,464 |  |  | 134,174 |  |  | 129,893 |  |  | 133,594 |
Income before provision for (benefit from) income taxes |  | (5,104) |  |  | (1,167) |  |  | 3,035 |  |  | 7,128 |
(Benefit from) provision for income taxes |  | (5,183) |  |  | 2,520 |  |  | 5,306 |  |  | 3,251 |
Consolidated net income (loss) |  | 79 |  |  | (3,687) |  |  | (2,271) |  |  | 3,877 |
Net income (loss) attributable to Penumbra, Inc. |  | $ | 79 |  |  | $ | (3,687) |  |  | $ | (2,271) |  |  | $ | 3,877 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.00 |  |  | $ | (0.10) |  |  | $ | (0.06) |  |  | $ | 0.10 |
Diluted |  | $ | 0.00 |  |  | $ | (0.10) |  |  | $ | (0.06) |  |  | $ | 0.10 |
Weighted average shares used to compute net income (loss) per share: |  |  |  |  |  |  |  |
Basic |  | 37,646,122 |  |  | 37,767,519 |  |  | 37,918,452 |  |  | 38,030,344 |
Diluted |  | 38,708,657 |  |  | 37,767,519 |  |  | 37,918,452 |  |  | 38,896,940 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1 + Details
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