XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Unaudited Consolidated Statements of Operations    
Sales, net $ 397,459 $ 351,620
Cost of sales 253,143 214,117
Gross profit 144,316 137,503
Operating expenses:    
Research and development 43,614 40,168
Selling, general, and administrative 49,318 46,731
Amortization of intangible assets 5,509 5,384
Restructuring expense 1,218 1,038
Total operating expenses 99,659 93,321
Operating income 44,657 44,182
Other income (expense), net (842) (507)
Income from continuing operations, before income taxes 43,815 43,675
Provision for income taxes 6,953 5,284
Income from continuing operations 36,862 38,391
Income (loss) from discontinued operations, net of income taxes (98) 310
Net income 36,764 38,701
Income (loss) from continuing operations attributable to noncontrolling interest (14) 33
Net income attributable to Advanced Energy Industries, Inc. $ 36,778 $ 38,668
Basic weighted-average common shares outstanding 37,549 38,328
Diluted weighted-average common shares outstanding 37,770 38,583
Earnings per share:    
Continuing operations: Basic earnings per share $ 0.98 $ 1.00
Continuing operations: Diluted earnings per share 0.98 0.99
Discontinued operations: Basic earnings (loss) per share   0.01
Discontinued operations: Diluted earnings (loss) per share   0.01
Net income:    
Basic earnings per share 0.98 1.01
Diluted earnings per share $ 0.97 $ 1.00