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Net Income Attributable To IPG Photonics Corporation Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of Diluted Net Income Per Share
The following table sets forth the computation of diluted net income attributable to IPG Photonics Corporation per share:
Three Months Ended September 30, Nine Months Ended September 30, 
2018201720182017
Net income attributable to IPG Photonics Corporation $100,517 $115,597 $328,468 $294,658 
Weighted average shares 53,571 53,440 53,677 53,453 
Dilutive effect of common stock equivalents 1,125 1,258 1,318 1,117 
Diluted weighted average common shares 54,696 54,698 54,995 54,570 
Basic net income attributable to IPG Photonics Corporation per share $1.88 $2.16 $6.12 $5.51 
Diluted net income attributable to IPG Photonics Corporation per share $1.84 $2.11 $5.97 $5.40