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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statements of Operations      
Sales, net $ 1,455,954 $ 1,415,826 $ 788,948
Cost of sales 923,632 873,957 473,296
Gross profit 532,322 541,869 315,652
Operating expenses:      
Research and development 161,831 143,961 101,503
Selling, general, and administrative 191,998 188,590 142,555
Amortization of intangible assets 22,060 20,129 12,168
Restructuring expense 4,752 13,166 5,038
Total operating expenses 380,641 365,846 261,264
Operating income 151,681 176,023 54,388
Other income (expense), net (2,970) (17,876) 12,806
Income from continuing operations, before income taxes 148,711 158,147 67,194
Provision for income taxes 14,004 22,996 10,699
Income from continuing operations 134,707 135,151 56,495
Income (loss) from discontinued operations, net of income taxes 73 (421) 8,480
Net income 134,780 134,730 64,975
Less: income from continuing operations attributable to noncontrolling interest 44 55 34
Net income attributable to Advanced Energy Industries, Inc. $ 134,736 $ 134,675 $ 64,941
Basic weighted-average common shares outstanding 38,143 38,314 38,281
Diluted weighted-average common shares outstanding 38,355 38,542 38,495
Earnings per share:      
Continuing operations: Basic earnings per share $ 3.53 $ 3.53 $ 1.47
Continuing operations: Diluted earnings per share 3.51 3.51 1.47
Discontinued operations: Basic earnings (loss) per share   (0.01) 0.22
Discontinued operations: Diluted earnings (loss) per share   (0.01) 0.22
Net income:      
Basic earnings per share 3.53 3.52 1.70
Diluted earnings per share $ 3.51 $ 3.50 $ 1.69