v3.25.1

Unaudited Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Unaudited Consolidated Statements of Operations
Revenue, net	$ 404.6	$ 327.5
Cost of revenue	254.1	214.6
Gross profit	150.5	112.9
Operating expenses:
Research and development	54.2	49.8
Selling, general, and administrative	59.0	55.1
Amortization of intangible assets	5.5	6.9
Restructuring, asset impairments, and other charges	1.2	0.2
Total operating expenses	119.9	112.0
Operating income	30.6	0.9
Interest income	6.9	12.6
Interest expense	(4.2)	(7.1)
Other income (expense), net	(3.4)	1.4
Income from continuing operations, before income tax	29.9	7.8
Income tax provision	5.0	1.8
Income from continuing operations	24.9	6.0
Loss from discontinued operations, net of income tax	(0.2)	(0.6)
Net income	$ 24.7	$ 5.4
Basic weighted-average common shares outstanding	37.6	37.4
Diluted weighted-average common shares outstanding	38.1	37.7
Earnings (loss) per share:
Basic earnings per share	$ 0.66	$ 0.16
Diluted earnings per share	0.65	0.16
Basic loss per share	(0.01)	(0.02)
Diluted loss per share	(0.01)	(0.02)
Net income:
Basic earnings per share	0.66	0.14
Diluted earnings per share	$ 0.65	$ 0.14

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-2

ADVANCED ENERGY INDUSTRIES INC 10-Q