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Condensed Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 318,441 $ 329,138 $ 864,094 $ 1,007,954
Cost of sales 165,649 176,280 471,977 525,948
Gross profit 152,792 152,858 392,117 482,006
Operating expenses:        
Sales and marketing 17,332 18,969 53,341 58,907
Research and development 31,710 32,160 95,132 99,528
General and administrative 29,038 26,776 82,561 82,526
Goodwill impairment 44,589 0 44,589 0
Impairment of long-lived assets and other restructuring charges 12 0 1,177 0
(Gain) loss on foreign exchange (11,302) 808 (18,101) 7,495
Total operating expenses 111,379 78,713 258,699 248,456
Operating income 41,413 74,145 133,418 233,550
Other income, net:        
Interest income, net 1,168 3,734 6,097 11,737
Other income (expense), net (59) (520) 581 129
Total other income 1,109 3,214 6,678 11,866
Income before provision for income taxes 42,522 77,359 140,096 245,416
Provision for income taxes 6,992 20,232 29,434 60,852
Net income 35,530 57,127 110,662 184,564
Less: net (loss) income attributable to non-controlling interests (74) (126) 429 (120)
Net income attributable to IPG Photonics Corporation $ 35,604 $ 57,253 $ 110,233 $ 184,684
Net income attributable to IPG Photonics Corporation per share:        
Basic (in dollars per share) $ 0.67 $ 1.08 $ 2.07 $ 3.48
Diluted (in dollars per share) $ 0.66 $ 1.07 $ 2.05 $ 3.43
Weighted average shares outstanding:        
Basic (in shares) 53,098 52,928 53,136 53,073
Diluted (in shares) 53,664 53,622 53,691 53,864