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Consolidated Statements of Operations (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 $ 6,849 $ 6,592 $ 13,892 $ 12,843
Cost of goods sold 2,841 2,742 5,720 5,240
Gross margin 4,008 3,850 8,172 7,603
Operating expenses:        
Research and development 1,276 960 2,627 1,911
Selling, general and administrative 2,215 1,876 4,388 3,813
Total operating expenses 3,491 2,836 7,015 5,724
Gain on sale of assets 0 0 0 3
Operating income 517 1,014 1,157 1,882
Non-operating income (expense):        
Interest income 19 15 32 17
Interest expense (1) (3) (2) (6)
Foreign currency transaction gain (loss) (32) (122) (66) (178)
Total non-operating income (loss) (14) (110) (36) (167)
Income before income taxes 503 904 1,121 1,715
Income tax expense (105) (45) (191) (148)
Net income $ 398 $ 859 $ 930 $ 1,567
Basic earnings per share $ 0.04 $ 0.10 $ 0.10 $ 0.17
Diluted earnings per share $ 0.04 $ 0.09 $ 0.10 $ 0.17
Weighted-average basic shares 9,176 8,984 9,103 8,972
Weighted-average diluted shares 9,343 9,101 9,289 9,091