v3.26.1
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2026
Segment Reporting  
Schedule of segment revenue and significant segment expenses

The following represents total segment revenue and significant segment expenses for the periods indicated (in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2026

2025

2026

2025

Net sales

 

$

418,843

 

$

382,462

 

$

800,720

 

$

737,813

Cost of sales standard(1)

158,509

152,052

305,525

294,856

Cost of sales other(2)

 

45,168

 

45,923

 

95,232

 

86,450

Selling and marketing expenses

 

75,182

 

65,771

 

149,139

 

130,700

General and administrative expenses

54,047

47,326

98,300

89,883

Research and development expenses

25,389

24,367

47,998

46,845

Other operating expenses(3)

145

143

(34)

1,166

Other (income) expense — net

9,089

3,501

(300)

6,576

Income tax expense

12,511

10,798

25,062

18,609

Net income

$

38,803

$

32,581

$

79,798

$

62,728

(1)Cost of sales standard represents costs of goods sold measured at the internal standard cost for production of inventory. Inventory standard costs include material, labor and manufacturing overhead.
(2)Cost of sales other includes amortization expense associated with our developed technology and license agreement intangible assets, freight and handling associated with shipments to customers, provisions based on estimated excess, slow moving and obsolete inventories, manufacturing and price variances, and royalties.
(3)Other operating expenses include contingent consideration expense (benefit) related to the changes in fair value of contingent payments associated with acquisitions.