XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
REVENUE $ 117,079 $ 97,515 $ 287,324 $ 303,448
COST OF SALES 23,378 17,286 58,480 57,172
Gross margin 93,701 80,229 228,844 246,276
OPERATING EXPENSES:        
Research and development 20,814 16,787 61,708 51,449
Selling, general and administrative 13,579 12,623 45,129 40,531
Amortization of acquired technology and other intangible assets 5,494 5,493 16,474 16,469
Patent costs 2,095 1,659 5,591 5,145
Royalty and license expense 3,293 2,837 8,195 8,828
Total operating expenses 45,275 39,399 137,097 122,422
OPERATING INCOME 48,426 40,830 91,747 123,854
Interest income, net 1,029 2,748 4,444 8,336
Other income, net 262 53 634 740
Interest and other income, net 1,291 2,801 5,078 9,076
INCOME BEFORE INCOME TAXES 49,717 43,631 96,825 132,930
INCOME TAX EXPENSE (9,217) (6,669) (17,355) (21,054)
NET INCOME $ 40,500 $ 36,962 $ 79,470 $ 111,876
NET INCOME PER COMMON SHARE:        
BASIC $ 0.85 $ 0.78 $ 1.67 $ 2.36
DILUTED $ 0.85 $ 0.78 $ 1.67 $ 2.36
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE:        
BASIC 47,227,061 46,980,439 47,182,625 46,947,109
DILUTED 47,260,331 47,013,919 47,212,660 46,983,901
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.15 $ 0.10 $ 0.45 $ 0.30