XML 49 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 112,008 $ 93,972 $ 292,776 $ 244,085
Cost of sales 96,700 75,344 243,637 198,131
Gross profit 15,308 18,628 49,139 45,954
Operating expenses:        
Research & development and engineering 5,562 4,501 16,973 11,844
Selling and service 2,979 2,706 8,525 6,871
General and administrative 4,280 3,410 10,953 9,814
Amortization of intangible assets 1,099 492 2,755 492
Total operating expenses 13,920 11,109 39,206 29,021
Operating income 1,388 7,519 9,933 16,933
Other (income) expense:        
Interest expense 1,374 407 2,986 887
Contingent consideration (50) (3,208) (50) (3,782)
Private placement warrant (8,750) (858) (8,040) (1,190)
Other expense, net 171 34 260 109
Total other (income) (7,255) (3,625) (4,844) (3,976)
Income before income taxes 8,643 11,144 14,777 20,909
Income tax (benefit) provision (466) 3,996 2,203 7,504
Net income $ 9,109 $ 7,148 $ 12,574 $ 13,405
Common Shares [Member]        
Weighted-average common shares outstanding:        
Basic 10,814,765 10,794,229 10,804,720 10,676,792
Diluted 11,068,925 11,167,598 11,120,721 11,125,116
Earnings per share-basic Common shares $ 0.84 $ 0.66 $ 1.16 $ 1.26
Earnings per share-diluted Common shares $ 0.03 $ 0.56 $ 0.41 $ 1.10