v3.23.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenue $ 183,938 $ 280,009 $ 432,380 $ 543,936
Cost of net revenue 81,065 115,658 189,200 224,995
Gross profit 102,873 164,351 243,180 318,941
Operating expenses:        
Research and development 70,657 80,395 137,948 146,281
Selling, general and administrative 33,717 44,487 72,370 85,064
Impairment losses 0 0 2,438 0
Restructuring charges 4,436 462 9,084 462
Total operating expenses 108,810 125,344 221,840 231,807
Income (loss) from operations (5,937) 39,007 21,340 87,134
Interest income 1,903 82 2,536 113
Interest expense (2,591) (2,416) (5,078) (4,765)
Other income (expense), net 1,865 7,179 1,541 6,409
Total other income (expense), net 1,177 4,845 (1,001) 1,757
Income (loss) before income taxes (4,760) 43,852 20,339 88,891
Income tax provision (benefit) (409) 11,886 15,157 23,339
Net income (loss) $ (4,351) $ 31,966 $ 5,182 $ 65,552
Net income (loss) per share:        
Basic (usd per share) $ (0.05) $ 0.41 $ 0.06 $ 0.85
Diluted (usd per share) $ (0.05) $ 0.40 $ 0.06 $ 0.81
Shares used to compute net income (loss) per share:        
Basic (shares) 80,446 77,858 79,961 77,527
Diluted (shares) 80,446 80,279 81,520 80,462

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