XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net revenue $ 348,999 $ 295,193 $ 983,311 $ 833,058
Cost of sales 251,665 209,612 710,358 590,377
Gross profit 97,334 85,581 272,953 242,681
Operating expenses        
Selling 17,434 14,865 49,300 42,541
Administrative 48,337 41,657 137,511 122,679
Amortization 5,228 6,824 19,678 19,790
Operating income 26,335 22,235 66,464 57,671
Other expense        
Interest expense, net 5,282 4,421 15,013 11,456
Other 132 83 417 366
Income before income taxes 20,921 17,731 51,034 45,849
Income tax provision 5,358 5,721 12,762 15,502
Net income 15,563 12,010 38,272 30,347
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on cash flow hedge, net of tax (provision)/benefit of ($278) and ($21) for the three months ended September 30, 2018 and 2017, respectively, and ($822) and $30 for the nine months ended September 30, 2018 and 2017, respectively 818 32 2,453 (45)
Comprehensive income $ 16,381 $ 12,042 $ 40,725 $ 30,302
Basic net income per share $ 0.50 $ 0.38 $ 1.22 $ 0.96
Diluted net income per share $ 0.50 $ 0.38 $ 1.21 $ 0.96
Weighted average shares outstanding:        
Basic 31,229,086 31,659,503 31,373,871 31,632,400
Diluted 31,312,756 31,766,881 31,512,104 31,712,515