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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Consolidated Statements of Operations        
Sales, net $ 361,311 $ 339,880 $ 712,931 $ 655,336
Cost of sales 226,278 209,576 440,395 412,801
Gross profit 135,033 130,304 272,536 242,535
Operating expenses:        
Research and development 40,119 35,855 80,287 70,625
Selling, general, and administrative 48,110 48,174 94,841 94,165
Amortization of intangible assets 5,513 5,009 10,897 10,015
Restructuring expense 211 5,790 1,249 6,446
Total operating expenses 93,953 94,828 187,274 181,251
Operating income 41,080 35,476 85,262 61,284
Other income (expense), net (3,662) (1,587) (4,169) (5,097)
Income from continuing operations, before income taxes 37,418 33,889 81,093 56,187
Provision for income taxes 1,876 4,610 7,160 8,510
Income from continuing operations 35,542 29,279 73,933 47,677
Income (loss) from discontinued operations, net of income taxes (102) (151) 208 (471)
Net income 35,440 29,128 74,141 47,206
Income from continuing operations attributable to noncontrolling interest 31 (16) 64 (1)
Net income attributable to Advanced Energy Industries, Inc. $ 35,409 $ 29,144 $ 74,077 $ 47,207
Basic weighted-average common shares outstanding 38,389 38,294 38,359 38,326
Diluted weighted-average common shares outstanding 38,586 38,458 38,589 38,525
Earnings per share:        
Continuing operations: Basic earnings per share $ 0.93 $ 0.77 $ 1.93 $ 1.24
Continuing operations: Diluted earnings per share 0.92 0.76 1.91 1.24
Discontinued operations: Basic earnings (loss) per share     0.01 (0.01)
Discontinued operations: Diluted earnings (loss) per share     0.01 (0.01)
Net income:        
Basic earnings per share 0.92 0.76 1.93 1.23
Diluted earnings per share $ 0.92 $ 0.76 $ 1.92 $ 1.23