XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales:        
Total net sales $ 118,818 $ 114,960 $ 230,754 $ 235,812
Cost of sales:        
Depreciation and amortization 2,794 2,613 5,481 4,987
Total cost of sales 76,430 74,135 146,848 151,893
Gross profit 42,388 40,825 83,906 83,919
Operating expenses:        
Selling, general and administrative (exclusive of depreciation and amortization shown below) 26,225 21,885 52,268 42,951
Depreciation and amortization 1,254 1,448 2,584 2,878
Total operating expenses 27,479 23,333 54,852 45,829
Income from operations 14,909 17,492 29,054 38,090
Other expense, net:        
Interest, net (6,530) (6,740) (12,955) (13,521)
Other expense, net (78) (78) (143) (192)
Total other expense, net (6,608) (6,818) (13,098) (13,713)
Income before income taxes 8,301 10,674 15,956 24,377
Income tax expense (2,300) (4,151) (4,500) (6,981)
Net income $ 6,001 $ 6,523 $ 11,456 $ 17,396
Basic earnings per share (in dollars per share) $ 0.54 $ 0.57 $ 1.03 $ 1.52
Diluted earnings per share (in dollars per share) $ 0.51 $ 0.55 $ 0.97 $ 1.46
Basic weighted-average shares outstanding (in shares) 11,049,968 11,427,404 11,158,334 11,411,162
Diluted weighted-average shares outstanding (in shares) 11,776,894 11,876,568 11,817,584 11,888,219
Comprehensive income:        
Net income $ 6,001 $ 6,523 $ 11,456 $ 17,396
Total comprehensive income 6,001 6,523 11,456 17,396
Products        
Net sales:        
Total net sales 63,844 63,946 122,002 139,736
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) 41,893 41,308 79,695 87,288
Services        
Net sales:        
Total net sales 54,974 51,014 108,752 96,076
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) $ 31,743 $ 30,214 $ 61,672 $ 59,618