SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Reporting Information

The following table presents the break-down of Net income, including significant segment expenses.


	Three Months Ended March 31,
	2026		2025
	(In thousands, except per share data)
Net sales	$	265,497	$	227,793
Cost of product sold and other expenses (a)	125,807		103,332
Manufacturing, service and other operations salaries, bonus, and benefits, including contractor costs	78,403		65,147
Other manufacturing expenses (b)	36,836		30,866
Capitalized labor and overhead	(75,048)		(61,364)
Cost of sales	165,998		137,981
Gross profit	99,499		89,812
Sales and marketing, research and development and general and administrative (c)	93,935		85,574
Income before foreign exchange and other segment items	5,564		4,238
Gain (loss) on foreign exchange	200		(2,411)
Interest income, net	6,922		7,444
Provision for income taxes	565		(6,857)
Other segment items (d)	(11,667)		1,344
Net income	$	1,584	$	3,758

(a) Includes cost of materials, labor and overhead, shipping costs, scrap, and inventory reserves.

(b) Includes depreciation and amortization, service, warranty, and other manufacturing expenses.

(c) Sales and marketing, research and development and general and administrative expenses are disclosed by period in the Company's Condensed Consolidated Statements of Operations.

(d) Other segment items includes settlement of litigation matters and other income, net.