CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE (LOSS) INCOME
Revenues	$ 136,032	$ 146,769	$ 282,745	$ 292,318
Cost of goods sold	95,356	100,792	194,692	200,507
Gross profit	40,676	45,977	88,053	91,811
Operating costs and expenses:
Selling	6,662	6,301	12,960	12,333
General and administrative	14,142	14,162	28,582	28,982
Engineering and development	10,293	9,952	21,360	20,339
Business development	1,569	400	1,926	597
Amortization of intangible assets	3,131	3,142	6,246	6,151
Total operating costs and expenses	35,797	33,957	71,074	68,402
Operating income	4,879	12,020	16,979	23,409
Other expense, net:
Interest expense	3,384	3,162	6,772	6,145
Other expense (income), net	46	(42)	(63)	145
Total other expense, net	3,430	3,120	6,709	6,290
Income before income taxes	1,449	8,900	10,270	17,119
Income tax provision	(299)	(2,131)	(2,218)	(4,035)
Net income	$ 1,150	$ 6,769	$ 8,052	$ 13,084
Basic earnings per share:
Earnings per share	$ 0.07	$ 0.42	$ 0.49	$ 0.82
Basic weighted average common shares	16,567	15,969	16,480	15,921
Diluted earnings per share:
Earnings per share	$ 0.07	$ 0.42	$ 0.49	$ 0.81
Diluted weighted average common shares	16,583	16,219	16,540	16,178
Net income	$ 1,150	$ 6,769	$ 8,052	$ 13,084
Other comprehensive income (loss):
Foreign currency translation adjustment	(1,178)	(426)	(5,586)	928
(Loss) gain on derivatives, net of tax	(511)	707	(589)	(426)
Comprehensive (loss) income	$ (539)	$ 7,050	$ 1,877	$ 13,586

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.

No definition available.