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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Inventories

Inventories are stated at the lower of cost or market determined on a first-in, first-out basis and are comprised of the following:

 

     June 30, 2014      December 31, 2013  

Raw materials

   $ 6,894       $ 6,700   

Work in process

     1,074         833   

Finished goods

     5,261         3,911   
  

 

 

    

 

 

 
   $ 13,229       $ 11,444   
  

 

 

    

 

 

 
Summary of Intangible Assets

Intangible assets consist of the following:

 

          June 30, 2014  
     Amortization
Period (Years)
   Gross      Accumulated
Amortization
    Net  

Customer list

   10    $ 11,741       $ (3,250   $ 8,491   

Patents and product rights

   3-10      10,449         (7,732     2,717   

Acquired technology

   7      9,120         (3,551     5,569   

Tradename

   15      4,500         (861     3,639   

Non-compete agreements

   1-3      637         (610     27   
     

 

 

    

 

 

   

 

 

 
      $ 36,447       $ (16,004   $ 20,443   
     

 

 

    

 

 

   

 

 

 
          December 31, 2013  
     Amortization
Period (Years)
   Gross      Accumulated
Amortization
    Net  

Customer list

   10    $ 11,795       $ (2,701   $ 9,094   

Patents and product rights

   3-10      10,449         (7,466     2,983   

Acquired technology

   7      9,162         (2,952     6,210   

Tradename

   15      4,521         (715     3,806   

Non-compete agreements

   1-3      787         (654     133   
     

 

 

    

 

 

   

 

 

 
      $ 36,714       $ (14,488   $ 22,226   
     

 

 

    

 

 

   

 

 

 
Computations of Basic and Diluted Earnings (Loss) per Share

The computations of basic and diluted earnings (loss) per share are as follows:

 

     Three Months     Six Months  
     Ended June 30,     Ended June 30,  
     2014      2013     2014     2013  

Net income (loss)

   $ 2,529       $ (5,285   $ (3,102   $ (15,511
  

 

 

    

 

 

   

 

 

   

 

 

 

Weighted average shares of common stock outstanding:

         

Basic

     55,907         55,559        55,846        55,504   

Dilutive effect of stock options and restricted stock

     1,336         —          —          —     
  

 

 

    

 

 

   

 

 

   

 

 

 

Diluted

     57,243         55,559        55,846        55,504   
  

 

 

    

 

 

   

 

 

   

 

 

 

Earnings (loss) per share:

         

Basic

   $ 0.05       $ (0.10   $ (0.06   $ (0.28
  

 

 

    

 

 

   

 

 

   

 

 

 

Diluted

   $ 0.04       $ (0.10   $ (0.06   $ (0.28