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v3.7.0.1

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
REVENUES: |  |  |  |
Net sales | $ 331,218 | $ 96,712 | $ 578,461 | $ 186,561
Other Revenue, Net | 296 | 9 | 792 | 15
TOTAL REVENUE | 331,514 | 96,721 | 579,253 | 186,576
COST OF GOODS SOLD | 243,452 | 46,589 | 402,246 | 87,211
GROSS PROFIT | 88,062 | 50,132 | 177,007 | 99,365
OPERATING EXPENSES: |  |  |  |
Selling, general and administrative | 85,106 | 22,491 | 149,992 | 44,466
Research and development | 12,967 | 3,338 | 24,608 | 6,651
Restructuring and strategic transaction | 19,921 | 1,533 | 49,322 | 1,533
Change in fair value of earn-out | 6,000 | 0 | 6,000 | 0
TOTAL OPERATING EXPENSES | 123,994 | 27,362 | 229,922 | 52,650
(LOSS) INCOME FROM OPERATIONS | (35,932) | 22,770 | (52,915) | 46,715
Bargain purchase gain | 0 | 1,110 | 63,237 | 1,110
Interest Expense | (525) | (48) | (1,038) | (77)
OTHER (EXPENSE) INCOME, net | (2,720) | 125 | (2,613) | 301
(LOSS) INCOME BEFORE INCOME TAXES | (39,177) | 23,957 | 6,671 | 48,049
BENEFIT (PROVISION) FOR INCOME TAXES | 2,117 | (7,351) | 12,132 | (13,283)
NET (LOSS) INCOME | $ (37,060) | $ 16,606 | $ 18,803 | $ 34,766
NET (LOSS) INCOME PER SHARE |  |  |  |
Basic (in dollars per share) | $ (1.87) | $ 1.03 | $ 0.98 | $ 2.16
Diluted (in dollars per share) | $ (1.87) | $ 0.98 | $ 0.93 | $ 2.05
WEIGHTED AVERAGE NUMBER OF SHARES |  |  |  |
Basic (in shares) | 19,821 | 16,091 | 19,153 | 16,070
Diluted (in shares) | 19,821 | 17,000 | 20,312 | 16,964

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