Condensed Consolidated Statements of Operations
(Unaudited, in thousands, except per share amounts)
|
Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2020 | 2019 | 2020 | 2019 | |||||||||||||
| Revenue | $ | 259,422 | $ | 168,813 | $ | 611,409 | $ | 461,183 | ||||||||
| Cost of revenue | 116,382 | 75,655 | 274,329 | 206,794 | ||||||||||||
| Gross profit | 143,040 | 93,158 | 337,080 | 254,389 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 37,717 | 27,742 | 95,346 | 80,746 | ||||||||||||
| Selling, general and administrative | 43,503 | 34,692 | 116,550 | 100,302 | ||||||||||||
| Litigation expense | 1,841 | 692 | 6,264 | 1,473 | ||||||||||||
| Total operating expenses | 83,061 | 63,126 | 218,160 | 182,521 | ||||||||||||
| Income from operations | 59,979 | 30,032 | 118,920 | 71,868 | ||||||||||||
| Other income, net | 2,494 | 2,257 | 5,980 | 7,827 | ||||||||||||
| Income before income taxes | 62,473 | 32,289 | 124,900 | 79,695 | ||||||||||||
| Income tax expense | 6,907 | 2,761 | 3,412 | 3,293 | ||||||||||||
| Net income | $ | 55,566 | $ | 29,528 | $ | 121,488 | $ | 76,402 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 1.24 | $ | 0.68 | $ | 2.72 | $ | 1.77 | ||||||||
| Diluted | $ | 1.18 | $ | 0.64 | $ | 2.59 | $ | 1.68 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 44,970 | 43,308 | 44,737 | 43,055 | ||||||||||||
| Diluted | 46,955 | 45,833 | 46,819 | 45,516 | ||||||||||||
