XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Sales, net:        
Total sales, net $ 389,521 $ 175,127 $ 1,044,857 $ 450,680
Cost of sales:        
Total cost of sales 235,736 101,636 648,537 247,323
Gross profit 153,785 73,491 396,320 203,357
Operating expenses:        
Research and development 36,807 24,546 107,432 67,675
Selling, general and administrative 51,481 36,401 145,646 93,027
Amortization of intangible assets 5,049 3,002 15,064 6,849
Restructuring expense 1,494 152 7,940 3,620
Total operating expenses 94,831 64,101 276,082 171,171
Operating income 58,954 9,390 120,238 32,186
Other income (expense), net (6,558) 1,361 (11,655) 17,649
Income from continuing operations, before income taxes 52,396 10,751 108,583 49,835
Provision for income taxes 6,783 3,495 15,293 3,819
Income from continuing operations 45,613 7,256 93,290 46,016
Income (loss) from discontinued operations, net of income taxes 50 375 (421) 8,690
Net income 45,663 7,631 92,869 54,706
Income from continuing operations attributable to noncontrolling interest 36 10 35 29
Net income attributable to Advanced Energy Industries, Inc. $ 45,627 $ 7,621 $ 92,834 $ 54,677
Basic weighted-average common shares outstanding 38,325 38,313 38,322 38,258
Diluted weighted-average common shares outstanding 38,528 38,489 38,531 38,457
Earnings per share:        
Continuing operations: Basic earnings per share $ 1.19 $ 0.19 $ 2.43 $ 1.20
Continuing operations: Diluted earnings per share 1.18 0.19 2.42 1.20
Discontinued operations: Basic earnings (loss) per share   0.01 (0.01) 0.23
Discontinued operations: Diluted earnings (loss) per share   0.01 (0.01) 0.23
Net income:        
Basic earnings per share 1.19 0.20 2.42 1.43
Diluted earnings per share $ 1.19 $ 0.20 $ 2.41 $ 1.42
Product [Member]        
Sales, net:        
Total sales, net $ 358,257 $ 148,138 $ 959,388 $ 366,443
Cost of sales:        
Total cost of sales 220,149 87,536 606,750 204,450
Services [Member]        
Sales, net:        
Total sales, net 31,264 26,989 85,469 84,237
Cost of sales:        
Total cost of sales $ 15,587 $ 14,100 $ 41,787 $ 42,873