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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Unaudited Consolidated Statements of Operations    
Sales, net $ 425,040 $ 397,459
Cost of sales 269,929 253,143
Gross profit 155,111 144,316
Operating expenses:    
Research and development 51,610 43,614
Selling, general, and administrative 55,358 49,318
Amortization of intangible assets 7,062 5,509
Restructuring 1,043 1,218
Total operating expenses 115,073 99,659
Operating income 40,038 44,657
Other expense, net (550) (842)
Income from continuing operations, before income taxes 39,488 43,815
Provision for income taxes 7,736 6,953
Income from continuing operations 31,752 36,862
Loss from discontinued operations, net of income taxes (831) (98)
Net income 30,921 36,764
Loss from continuing operations attributable to noncontrolling interest   (14)
Net income attributable to Advanced Energy Industries, Inc. $ 30,921 $ 36,778
Basic weighted-average common shares outstanding 37,475 37,549
Diluted weighted-average common shares outstanding 37,757 37,770
Earnings per share:    
Continuing operations: Basic earnings per share $ 0.85 $ 0.98
Continuing operations: Diluted earnings per share 0.84 0.98
Discontinued operations: Basic loss per share (0.02)  
Discontinued operations: Diluted loss per share (0.02)  
Net income:    
Basic earnings per share 0.83 0.98
Diluted earnings per share $ 0.82 $ 0.97