XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
NET SALES $ 285,846 $ 207,248
COST OF SALES 128,579 92,838
GROSS PROFIT 157,267 114,410
OPERATING EXPENSES:    
Sales and marketing 10,827 8,034
Research and development 22,780 17,489
General and administrative 17,726 13,901
Loss on foreign exchange 4,453 4,967
Total operating expenses 55,786 44,391
OPERATING INCOME 101,481 70,019
OTHER (EXPENSE) INCOME, Net:    
Interest income, net 308 192
Other (expense) income, net (529) 7
Total other (expense) income (221) 199
INCOME BEFORE PROVISION FOR INCOME TAXES 101,260 70,218
PROVISION FOR INCOME TAXES (26,328) (20,890)
NET INCOME 74,932 49,328
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS (13) 2
NET INCOME ATTRIBUTABLE TO IPG PHOTONICS CORPORATION $ 74,945 $ 49,326
NET INCOME ATTRIBUTABLE TO IPG PHOTONICS CORPORATION PER SHARE:    
Basic (in dollars per share) $ 1.40 $ 0.93
Diluted (in dollars per share) $ 1.38 $ 0.92
WEIGHTED AVERAGE SHARES OUTSTANDING:    
Basic (in shares) 53,368 52,898
Diluted (in shares) 54,370 53,621