XML 15 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Sales and service revenue        
Product sales $ 83,153 $ 42,221 $ 165,267 $ 82,386
Service revenues 22,312 27,106 46,264 53,690
Net sales 105,465 69,327 211,531 136,076
Cost of sales and service revenue        
Cost of product sales 63,592 29,189 128,730 56,574
Cost of service revenues 20,032 23,171 40,906 46,017
Cost of sales 83,624 52,360 169,636 102,591
Gross profit 21,841 16,967 41,895 33,485
Selling, general and administrative expenses 14,098 8,881 28,079 17,961
Contingent consideration write-off (7,950) 0 (7,950) 0
Intangible asset impairment 4,222 0 4,222 0
Income from operations 11,471 8,086 17,544 15,524
Other income (expense):        
Interest expense (4,044) (293) (8,157) (494)
Other, net (80) (62) 400 107
Total other expense (4,124) (355) (7,757) (387)
Income before income taxes 7,347 7,731 9,787 15,137
Provision for income taxes 2,683 2,626 3,286 5,240
Net income 4,664 5,105 6,501 9,897
Other comprehensive income (expense):        
Change in foreign currency translation adjustment (15) 0 (137) 0
Unrealized gain (loss) on interest rate hedges net of tax 151 0 (10) 0
Other comprehensive income (expense): 136 0 (147) 0
Total comprehensive income $ 4,800 $ 5,105 $ 6,354 $ 9,897
Amounts per common share:        
Net income per common share (in dollars per share) $ 0.37 $ 0.44 $ 0.52 $ 0.85
Net income per common share assuming dilution (in dollars per share) $ 0.37 $ 0.43 $ 0.51 $ 0.84
Weighted average common shares outstanding (in shares) 12,612,389 11,671,388 12,597,381 11,644,698
Weighted average dilutive common shares outstanding (in shares) 12,720,372 11,833,503 12,697,947 11,809,972