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v3.10.0.1

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
REVENUES: |  |  |  |
Net sales | $ 360,460 | $ 331,218 | $ 732,493 | $ 578,461
Other | 0 | 296 | 0 | 792
TOTAL REVENUE | 360,460 | 331,514 | 732,493 | 579,253
COST OF GOODS SOLD | 208,660 | 243,452 | 431,692 | 402,246
GROSS PROFIT | 151,800 | 88,062 | 300,801 | 177,007
OPERATING EXPENSES: |  |  |  |
Selling, general and administrative | 83,538 | 85,106 | 170,535 | 149,992
Research and development | 13,575 | 12,967 | 26,161 | 24,608
Restructuring, strategic transaction and integration | 18,690 | 19,921 | 40,259 | 49,322
Change in fair value of contingent earn-out | 6,000 | 6,000 | 2,000 | 6,000
Contract settlement | 0 | 0 | 28,917 | 0
TOTAL OPERATING EXPENSES | 121,803 | 123,994 | 267,872 | 229,922
INCOME (LOSS) FROM OPERATIONS | 29,997 | (35,932) | 32,929 | (52,915)
Bargain purchase gain | 0 | 0 | 0 | 63,237
Interest Expense | (130) | (525) | (265) | (1,038)
OTHER INCOME (EXPENSE), net | (270) | (2,720) | 756 | (2,613)
INCOME (LOSS) BEFORE INCOME TAXES | 29,597 | (39,177) | 33,420 | 6,671
BENEFIT FOR INCOME TAXES | 1,457 | 2,117 | 2,509 | 12,132
NET INCOME (LOSS) | $ 31,054 | $ (37,060) | $ 35,929 | $ 18,803
NET INCOME (LOSS) PER SHARE |  |  |  |
Basic (in dollars per share) | $ 1.53 | $ (1.87) | $ 1.77 | $ 0.98
Diluted (in dollars per share) | $ 1.44 | $ (1.87) | $ 1.67 | $ 0.93
WEIGHTED AVERAGE NUMBER OF SHARES |  |  |  |
Basic (in shares) | 20,352 | 19,821 | 20,304 | 19,153
Diluted (in shares) | 21,569 | 19,821 | 21,536 | 20,312

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