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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
NET SALES $ 356,346 $ 392,615 $ 1,129,823 $ 1,047,834
COST OF SALES 161,162 168,060 496,303 459,716
GROSS PROFIT 195,184 224,555 633,520 588,118
OPERATING EXPENSES:        
Sales and marketing 13,479 13,384 41,531 36,347
Research and development 30,909 25,541 91,268 74,281
General and administrative 25,245 21,491 74,857 59,092
Loss (gain) on foreign exchange 1,688 3,917 (1,489) 15,553
Total operating expenses 71,321 64,333 206,167 185,273
OPERATING INCOME 123,863 160,222 427,353 402,845
OTHER INCOME (EXPENSE), Net:        
Interest income, net 3,884 (125) 4,925 651
Other income (expense), net 423 459 1,252 (47)
Total other income 4,307 334 6,177 604
INCOME BEFORE PROVISION FOR INCOME TAXES 128,170 160,556 433,530 403,449
PROVISION FOR INCOME TAXES (27,418) (44,959) (104,827) (108,817)
NET INCOME 100,752 115,597 328,703 294,632
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS 235 0 235 (26)
NET INCOME ATTRIBUTABLE TO IPG PHOTONICS CORPORATION $ 100,517 $ 115,597 $ 328,468 $ 294,658
NET INCOME ATTRIBUTABLE TO IPG PHOTONICS CORPORATION PER SHARE:        
Basic (in dollars per share) $ 1.88 $ 2.16 $ 6.12 $ 5.51
Diluted (in dollars per share) $ 1.84 $ 2.11 $ 5.97 $ 5.40
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic (in shares) 53,571 53,440 53,677 53,453
Diluted (in shares) 54,696 54,698 54,995 54,570