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Quarterly Results of Operations (unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited)

Note 14 – Quarterly Results of Operations (unaudited)

The quarterly results of operations are as follows:

		First Quarter				Second Quarter				Third Quarter				Fourth Quarter
2016
Net sales		$	46,767			$	54,293			$	43,648			$	47,597
Gross profit			32,104				36,551				30,050				31,954
Operating expenses			28,990				33,165				29,138				29,765
Operating income			3,115				3,386				912				2,186
Income from Continuing Operations			2,199				2,826				494				5,042
Income (loss) from Discontinued Operations			0				(1	)			(16	)			(30	)
Net income			2,199				2,825				478				5,012
Basic income/(loss) per share:
Continuing Operations		$	0.06			$	0.07			$	0.01			$	0.13
Discontinued Operations			0.00				0.00				0.00				0.00
Total Net income per share		$	0.06			$	0.07			$	0.01			$	0.13
Diluted income/(loss) per share:
Continuing Operations		$	0.06			$	0.07			$	0.01			$	0.13
Discontinued Operations			0.00				0.00				0.00				0.00
Total Net income per share		$	0.06			$	0.07			$	0.01			$	0.13
2015
Net sales		$	65,135			$	65,393			$	60,027			$	50,889
Gross profit			37,106				37,739				35,695				33,000
Operating expenses			21,030				21,986				22,240				27,832
Operating income			16,077				15,753				13,455				5,168
Income from Continuing Operations			13,657				13,866				11,186				3,485
Income (loss) from Discontinued Operations			(23	)			(14	)			(4	)			(1	)
Net income			13,634				13,852				11,182				3,484
Basic income/(loss) per share:
Continuing Operations		$	0.34			$	0.35			$	0.28			$	0.09
Discontinued Operations			0.00				0.00				0.00				0.00
Total Net income per share		$	0.34			$	0.35			$	0.28			$	0.09
Diluted income/(loss) per share:
Continuing Operations		$	0.34			$	0.35			$	0.28			$	0.09
Discontinued Operations			0.00				0.00				0.00				0.00
Total Net income per share		$	0.34			$	0.35			$	0.28			$	0.09

The gross profit and operating expenses reflected in the quarterly results of operations tables above have been revised from amounts previously reported to correct immaterial errors as discussed in Note 1 “Revision of Previously Issued Financial Statements”. Specifically, the gross profit decreased and the operating expenses increased from the respective amounts previously reported by the company by $1,824, $1,974, $2,051, $568, $759, $571, and $648 in the first quarter of 2016, the second quarter of 2016, the third quarter of 2016, the first quarter of 2015, the second quarter of 2015, the third quarter of 2015 and the fourth quarter of 2015, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)-(j)
-URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section G
-Subsection 1

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 302
-Paragraph a

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