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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net revenues:        
Net revenues $ 462,451 $ 487,152 $ 1,400,122 $ 1,614,567
Cost of revenues:        
Cost of revenues 257,447 255,292 785,973 844,975
Gross profit 205,004 231,860 614,149 769,592
Research and development 41,566 31,898 122,354 103,259
Selling, general and administrative 82,101 70,822 247,792 229,952
Fees and expenses related to term loan 642   6,489 378
Acquisition and integration costs 2,103 36 35,510 (1,132)
Restructuring and other 1,525 1,364 4,690 4,374
Amortization of intangible assets 17,020 10,695 50,299 32,786
Gain on sale of long-lived assets (6,773)   (6,773)  
Income from operations 66,820 117,045 153,788 399,975
Interest income 1,230 1,516 4,367 4,077
Interest expense 13,542 3,719 35,335 13,071
Other (income) expense, net (914) 326 199 1,179
Income before income taxes 55,422 114,516 122,621 389,802
Provision for income taxes 7,994 21,239 24,999 68,542
Net income 47,428 93,277 97,622 321,260
Other comprehensive income:        
Changes in value of financial instruments designated as cash flow hedges, net of tax (benefit) expense [1] (782) 163 (8,554) 8,053
Foreign currency translation adjustments, net of tax of $0 (14,553) (3,576) (18,229) (11,314)
Unrecognized pension gain (loss), net of tax expense (benefit) [2] 91 24 92 (13)
Unrealized gain (loss) on investments, net of tax expense (benefit) [3] 16 230 (130) (95)
Total comprehensive income $ 32,200 $ 90,118 $ 70,801 $ 317,891
Net income per share:        
Basic $ 0.86 $ 1.71 $ 1.79 $ 5.89
Diluted $ 0.86 $ 1.70 $ 1.77 $ 5.82
Weighted average common shares outstanding:        
Basic 54,945,000 54,476,000 54,636,000 54,539,000
Diluted 55,204,000 54,954,000 55,045,000 55,171,000
Products [Member]        
Net revenues:        
Net revenues $ 386,173 $ 426,255 $ 1,184,862 $ 1,432,931
Cost of revenues:        
Cost of revenues 216,238 219,311 672,161 747,522
Services [Member]        
Net revenues:        
Net revenues 76,278 60,897 215,260 181,636
Cost of revenues:        
Cost of revenues $ 41,209 $ 35,981 $ 113,812 $ 97,453
[1] Tax (benefit) expense was $(242) and $49 for the three months ended September 30, 2019 and 2018, respectively. Tax (benefit) expense was $(2,635) and $2,304 for the nine months ended September 30, 2019 and 2018, respectively
[2] Tax expense was $31 and $7 for the three months ended September 30, 2019 and 2018, respectively. Tax expense (benefit) was $51 and $(17) for the nine months ended September 30, 2019 and 2018, respectively
[3] Tax expense was $6 and $17 for the three months ended September 30, 2019 and 2018, respectively. Tax (benefit) was $(40) and $(22) for the nine months ended September 30, 2019 and 2018, respectively.