XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Unaudited Consolidated Statements of Operations        
Sales, net $ 409,991 $ 516,274 $ 1,250,539 $ 1,354,682
Cost of sales 262,650 325,056 801,007 856,990
Gross profit 147,341 191,218 449,532 497,692
Operating expenses:        
Research and development 50,391 49,760 153,414 141,383
Selling, general, and administrative 55,131 56,716 166,102 161,056
Amortization of intangible assets 7,049 7,049 21,186 19,081
Restructuring 4,709 121 8,906 1,178
Total operating expenses 117,280 113,646 349,608 322,698
Operating income 30,061 77,572 99,924 174,994
Other income (expense), net 4,464 8,940 6,339 11,347
Income from continuing operations, before income tax 34,525 86,512 106,263 186,341
Provision for income tax 874 11,639 13,405 29,795
Income from continuing operations 33,651 74,873 92,858 156,546
Loss from discontinued operations, net of income tax (930) (697) (2,076) (615)
Net income 32,721 74,176 90,782 155,931
Income from continuing operations attributable to noncontrolling interest   9   16
Net income attributable to Advanced Energy Industries, Inc. $ 32,721 $ 74,167 $ 90,782 $ 155,915
Basic weighted-average common shares outstanding (in shares) 37,575 37,379 37,541 37,482
Diluted weighted-average common shares outstanding (in shares) 37,854 37,630 37,842 37,725
Earnings per share:        
Continuing operations: Basic earnings per share (in dollars per share) $ 0.90 $ 2.00 $ 2.47 $ 4.18
Continuing operations: Diluted earnings per share (in dollars per share) 0.89 1.99 2.45 4.15
Discontinued operations: Basic loss per share (in dollars per share) (0.02) (0.02) (0.06) (0.02)
Discontinued operations: Diluted loss per share (in dollars per share) (0.02) (0.02) (0.05) (0.02)
Net income:        
Basic earnings per share (in dollars per share) 0.87 1.98 2.42 4.16
Diluted earnings per share (in dollars per share) $ 0.86 $ 1.97 $ 2.40 $ 4.13