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Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

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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- References

No definition available.

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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

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