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TRANSACT TECHNOLOGIES INCORPORATED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 17,519 $ 16,443 $ 38,213 $ 30,651
Cost of sales 10,856 10,288 24,618 19,307
Gross profit 6,663 6,155 13,595 11,344
Operating expenses:        
Engineering, design and product development 815 799 1,584 1,544
Selling and marketing 1,653 1,618 3,172 3,201
General and administrative 1,801 1,940 3,657 3,819
Business consolidation and restructuring (Note 5) 184   184  
[OperatingExpenses] 4,453 4,357 8,597 8,564
Operating income 2,210 1,798 4,998 2,780
Interest and other income:        
Interest, net 7 6 11 8
Other, net 2 2 17 8
[InterestAndOtherIncome] 9 8 28 16
Income before income taxes 2,219 1,806 5,026 2,796
Income tax provision 777 661 1,759 1,022
Net income $ 1,442 $ 1,145 $ 3,267 $ 1,774
Net income per common share:        
Basic (in Dollars per share) $ 0.15 $ 0.12 $ 0.35 $ 0.19
Diluted (in Dollars per share) $ 0.15 $ 0.12 $ 0.34 $ 0.19
Shares used in per-share calculation:        
Basic (in Shares) 9,388 9,394 9,417 9,371
Diluted (in Shares) 9,667 9,562 9,676 9,543