Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net revenue $ 384,997 $ 420,318 $ 387,832
Cost of net revenue 176,223 212,355 157,842
Gross profit 208,774 207,963 229,990
Operating expenses:      
Research and development 120,046 112,279 97,745
Selling, general and administrative 101,789 105,831 64,454
Impairment losses 2,198 2,000 1,300
Restructuring charges 3,838 9,524 3,432
Total operating expenses 227,871 229,634 166,931
Income (loss) from operations (19,097) (21,671) 63,059
Interest income 78 274 572
Interest Expense (14,255) (10,378) (104)
Other income (expense), net 422 (2,223) 163
Nonoperating Income (Expense) (13,755) (12,327) 631
Income (loss) before income taxes (32,852) (33,998) 63,690
Income tax provision (benefit) (6,653) (24,811) 2,398
Net income (loss) $ (26,199) $ (9,187) $ 61,292
Net income (loss) per share:      
Basic (usd per share) $ (0.38) $ (0.14) $ 0.96
Diluted (usd per share) $ (0.38) $ (0.14) $ 0.91
Shares used to compute net income (loss) per share:      
Weighted Average Number of Shares Outstanding, Basic 68,490 66,252 63,781
Diluted (shares) 68,490 66,252 67,653