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Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Unaudited Consolidated Statements of Operations        
Revenue, net $ 374,217 $ 409,991 $ 1,066,639 $ 1,250,539
Cost of revenue 240,149 262,650 692,001 801,007
Gross profit 134,068 147,341 374,638 449,532
Operating expenses:        
Research and development 53,561 50,391 155,732 153,414
Selling, general, and administrative 56,237 55,131 166,374 166,102
Amortization of intangible assets 6,772 7,049 20,519 21,186
Restructuring, asset impairments, and other charges 28,546 4,709 29,416 8,906
Total operating expenses 145,116 117,280 372,041 349,608
Operating income (loss) (11,048) 30,061 2,597 99,924
Interest income 11,018 6,396 35,782 14,282
Interest expense (6,378) (3,780) (20,461) (9,368)
Other income (expense), net (8,139) 1,848 (6,122) 1,425
Income (loss) from continuing operations, before income tax (14,547) 34,525 11,796 106,263
Income tax provision (benefit) (400) 874 4,552 13,405
Income (loss) from continuing operations (14,147) 33,651 7,244 92,858
Loss from discontinued operations, net of income tax (758) (930) (1,904) (2,076)
Net income (loss) $ (14,905) $ 32,721 $ 5,340 $ 90,782
Basic weighted-average common shares outstanding 37,532 37,575 37,455 37,541
Diluted weighted-average common shares outstanding 37,532 37,854 37,785 37,842
Earnings (loss) per share:        
Basic earnings per share $ (0.38) $ 0.90 $ 0.19 $ 2.47
Diluted earnings per share (0.38) 0.89 0.19 2.45
Basic loss per share (0.02) (0.02) (0.05) (0.06)
Diluted loss per share (0.02) (0.02) (0.05) (0.05)
Net income (loss):        
Basic earnings (loss) per share (0.40) 0.87 0.14 2.42
Diluted earnings (loss) per share $ (0.40) $ 0.86 $ 0.14 $ 2.40