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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 26,836 $ 28,862 $ 53,683 $ 55,586
Cost of products sold 18,685 20,062 37,895 38,837
Gross margin 8,151 8,800 15,788 16,749
Operating costs and expenses:        
Selling 1,290 1,489 2,655 2,951
General and administrative 2,884 3,394 5,831 6,360
Engineering and development 1,563 1,550 3,116 3,084
Amortization of intangible assets 166 187 340 367
Total operating expenses 5,903 6,620 11,942 12,762
Operating income 2,248 2,180 3,846 3,987
Other (income) expense, net:        
Interest expense 3 23 10 47
Other (income), net (279) (21) (296) (22)
Total other (income) expense, net (276) 2 (286) 25
Income before income taxes 2,524 2,178 4,132 3,962
Provision for income taxes (707) (697) (1,157) (1,268)
Net income 1,817 1,481 2,975 2,694
Earnings per share (in dollars per share) $ 0.21 $ 0.17 $ 0.35 $ 0.32
Basic weighted average common shares (in shares) 8,675 8,477 8,621 8,374
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.21 $ 0.17 $ 0.35 $ 0.32
Diluted weighted average common shares (in shares) 8,675 8,523 8,621 8,539
Other comprehensive income, net of tax:        
Foreign currency translation adjustment (955) 153 (440) 881
Comprehensive income $ 862 $ 1,634 $ 2,535 $ 3,575