XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (Loss) (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 63,300 $ 49,796 $ 187,111 $ 128,590
Cost of sales 42,242 35,242 124,875 88,555
Gross profit 21,058 14,554 62,236 40,035
Selling and administrative expenses 13,038 9,346 36,402 24,038
Acquisition and integration expenses 81 4,047 321 6,618
Amortization and earn out expenses 2,394 2,017 7,288 3,590
Legal reserves 300 2,500 300 2,500
Income (loss) from operations 5,245 (3,356) 17,925 3,289
Other (expense) income, net (1,459) 92 (1,686) 164
Interest expense (767) (456) (2,255) (707)
Income (loss) before income taxes 3,019 (3,720) 13,984 2,746
Income tax (benefit) expense (684) (2,259) 2,767 (1,044)
Net income (loss) $ 3,703 $ (1,461) $ 11,217 $ 3,790
Earnings (loss) per share:        
Basic $ 0.14 $ (0.07) $ 0.44 $ 0.21
Diluted $ 0.14 $ (0.07) $ 0.43 $ 0.20
Weighted average number of common shares outstanding:        
Basic 25,691,884 19,965,010 25,647,561 18,275,085
Diluted 26,129,427 19,965,010 26,105,415 18,881,927