XML 104 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Net sales $ 263,217us-gaap_SalesRevenueNet $ 197,317us-gaap_SalesRevenueNet $ 135,052us-gaap_SalesRevenueNet
Cost of sales 178,394us-gaap_CostOfGoodsSold 135,762us-gaap_CostOfGoodsSold 92,609us-gaap_CostOfGoodsSold
Gross profit 84,823us-gaap_GrossProfit 61,555us-gaap_GrossProfit 42,443us-gaap_GrossProfit
Selling and administrative 51,440us-gaap_SellingGeneralAndAdministrativeExpense 37,098us-gaap_SellingGeneralAndAdministrativeExpense 25,429us-gaap_SellingGeneralAndAdministrativeExpense
Acquisition and integration expenses 1,269us-gaap_BusinessCombinationIntegrationRelatedCosts 7,224us-gaap_BusinessCombinationIntegrationRelatedCosts  
Amortization and earn out expenses 10,151us-gaap_OtherCostAndExpenseOperating 6,761us-gaap_OtherCostAndExpenseOperating 331us-gaap_OtherCostAndExpenseOperating
Legal reserves 300us-gaap_LitigationSettlementExpense 3,500us-gaap_LitigationSettlementExpense  
Income from operations 21,663us-gaap_OperatingIncomeLoss 6,972us-gaap_OperatingIncomeLoss 16,683us-gaap_OperatingIncomeLoss
Other income (expense), net (2,311)us-gaap_OtherNonoperatingIncomeExpense 982us-gaap_OtherNonoperatingIncomeExpense (152)us-gaap_OtherNonoperatingIncomeExpense
Interest expense (including related parties interest of $0, $0 and $217, respectively) (3,138)us-gaap_InterestExpense (1,499)us-gaap_InterestExpense (1,168)us-gaap_InterestExpense
Income before income taxes 16,214us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 6,455us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 15,363us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax (benefit) expense 3,137us-gaap_IncomeTaxExpenseBenefit (102)us-gaap_IncomeTaxExpenseBenefit 4,513us-gaap_IncomeTaxExpenseBenefit
Net income $ 13,077us-gaap_NetIncomeLoss $ 6,557us-gaap_NetIncomeLoss $ 10,850us-gaap_NetIncomeLoss
Earnings per share:      
Basic $ 0.51us-gaap_EarningsPerShareBasic $ 0.33us-gaap_EarningsPerShareBasic $ 0.73us-gaap_EarningsPerShareBasic
Diluted $ 0.50us-gaap_EarningsPerShareDiluted $ 0.32us-gaap_EarningsPerShareDiluted $ 0.65us-gaap_EarningsPerShareDiluted
Weighted average number of common shares outstanding:      
Basic 25,750,972us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,116,991us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 14,813,186us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 26,196,901us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,719,951us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 17,246,058us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding