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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2014 | Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME |  |
Revenues | $ 60,435 | $ 25,143
Cost of goods sold | 43,343 | 17,620
Gross margin | 17,092 | 7,523
Operating costs and expenses: |  |
Selling | 2,110 | 1,293
General and administrative | 6,216 | 2,942
Engineering and development | 3,517 | 1,747
Amortization of intangible assets | 678 | 84
Total operating costs and expenses | 12,521 | 6,066
Operating income | 4,571 | 1,457
Other expense (income): |  |
Interest expense | 1,638 | 9
Other (income) expense, net | (352) | 36
Total other expense, net | 1,286 | 45
Income before income taxes | 3,285 | 1,412
Provision for income taxes | (1,137) | (452)
Net income | 2,148 | 960
Foreign currency translation adjustment | 7 | (460)
Change in accumulated loss on derivatives | (9) |
Comprehensive income | $ 2,146 | $ 500
Basic earnings per share: |  |
Earnings per share (in dollars per share) | $ 0.24 | $ 0.11
Basic weighted average common shares (in shares) | 9,130 | 8,733
Diluted earnings per share: |  |
Earnings per share (in dollars per share) | $ 0.24 | $ 0.11
Diluted weighted average common shares (in shares) | 9,130 | 8,733

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- Definition The aggregate total amount of expenses related to the Engineering of products or services not directly associated with the manufacture or sale of a product line, and the aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility. + References No definition available. + Details
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