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Segment Data | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment Data | Segment Data The Company consists of a single operating and reportable segment and uses consolidated net income as its measure of segment profit and loss. The chief operating decision maker of the Company is the Chairman and Chief Executive Officer (CEO). The Chairman and CEO reviews consolidated operating results to make decisions about how to allocate resources to the segment and assess its performance as a whole. The Company has identified the following significant segment expenses (SSEs) due to their relevance to the overall consolidated operating results (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net sales from external customers | $ | 154,558 |  |  | $ | 145,165 |  |  | $ | 453,882 |  |  | $ | 360,351 |
Significant segment expenses: |  |  |  |  |  |  |
Materials | 62,581 |  |  | 61,503 |  |  | 186,457 |  |  | 157,946 |
Salaries and Benefits | 46,984 |  |  | 38,936 |  |  | 133,857 |  |  | 94,122 |
Depreciation and amortization | 4,874 |  |  | 4,027 |  |  | 14,227 |  |  | 10,058 |
Interest expense, net | 2,393 |  |  | 3,475 |  |  | 7,873 |  |  | 4,683 |
Other segment items (a) | 16,662 |  |  | 16,005 |  |  | 48,497 |  |  | 39,616 |
Income before income tax provision | 21,064 |  |  | 21,219 |  |  | 62,971 |  |  | 53,926 |
Income tax provision | 4,681 |  |  | 4,858 |  |  | 12,224 |  |  | 11,320 |
Segment net income | $ | 16,383 |  |  | $ | 16,361 |  |  | $ | 50,747 |  |  | $ | 42,606 |
Segment total assets (b) | $ | 652,821 |  |  |  |  |  |  |
(a)Other segment items include (production overhead, stock compensation, professional fees, and other SG&A expenses). (b)See Condensed Consolidated Balance Sheet for details. Information about Geographic Areas Net sales shipped to customers outside of the United States comprised approximately 15.0% and 16.4% of the Company’s consolidated net sales for the three and nine months ended September 30, 2025, respectively. Net sales shipped to customers outside of the United States comprised approximately 14.7% and 17.1% of the Company’s consolidated net sales for the three and nine months ended September 30, 2024, respectively. Approximately 36.9% of all long-lived assets are located outside of the United States. Information about Major Customers Net sales to two customers comprised approximately 27.1% and 17.1% of the Company’s consolidated net sales for the three months ended September 30, 2025, respectively. Net sales to two customers comprised approximately 25.3% and 20.4% of the Company’s consolidated net sales for the nine months ended September 30, 2025, respectively. Net sales to two customers comprised approximately 26.7% and 24.0%, respectively, of the Company’s consolidated net sales for the three months ended September 30, 2024. Net sales to two customers comprised approximately 30.3% and 12.4%, respectively, of the Company’s consolidated net sales for the nine months ended September 30, 2024. On September 30, 2025, two customers represented approximately 21.3% and 14.9% of gross accounts receivable, respectively. On December 31, 2024, one customer represented approximately 34.0% of gross accounts receivable. The Company’s products are primarily sold to customers within the Medical and Non-medical markets. Sales by market for the three and nine months ended September 30, 2025 and 2024 are as follows (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 (a) |  | 2025 |  | 2024 (a)
Market |  | Net Sales |  | % |  | Net Sales |  | % |  | Net Sales |  | % |  | Net Sales |  | %
Medical |  | $ | 142,358 |  |  | 92.1% |  | $ | 132,623 |  |  | 91.4% |  | $ | 417,107 |  |  | 91.9% |  | $ | 318,079 |  |  | 88.3%
Non-medical |  | 12,200 |  |  | 7.9% |  | 12,542 |  |  | 8.6% |  | 36,775 |  |  | 8.1% |  | 42,272 |  |  | 11.7%
Net Sales |  | $ | 154,558 |  |  | 100.0% |  | $ | 145,165 |  |  | 100.0% |  | $ | 453,882 |  |  | 100.0% |  | $ | 360,351 |  |  | 100.0%
(a)Note – This table has been updated to conform to the current year presentation.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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