XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Revenues $ 62,069 $ 25,352 $ 122,504 $ 50,495
Cost of goods sold 43,501 17,817 86,844 35,437
Gross margin 18,568 7,535 35,660 15,058
Operating costs and expenses:        
Selling 2,232 1,214 4,342 2,507
General and administrative 6,709 2,715 12,925 5,584
Engineering and development 3,472 1,658 6,989 3,405
Business development costs   565   638
Relocation   234   234
Amortization of intangible assets 670 85 1,348 169
Total operating costs and expenses 13,083 6,471 25,604 12,537
Operating income 5,485 1,064 10,056 2,521
Other expense (income):        
Interest expense 1,649 8 3,287 17
Other expense (income), net 53 (132) (299) (96)
Total other expense (income), net 1,702 (124) 2,988 (79)
Income before income taxes 3,783 1,188 7,068 2,600
Provision for income taxes (1,090) (369) (2,227) (821)
Net income 2,693 819 4,841 1,779
Foreign currency translation adjustment (324) 6 (317) (454)
Change in accumulated loss on derivatives (89)   (106)  
Comprehensive income $ 2,280 $ 825 $ 4,418 $ 1,325
Basic earnings per share:        
Earnings per share (in dollars per share) $ 0.29 $ 0.09 $ 0.53 $ 0.20
Basic weighted average common shares (in shares) 9,152 8,806 9,136 8,766
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.29 $ 0.09 $ 0.53 $ 0.20
Diluted weighted average common shares (in shares) 9,152 8,806 9,136 8,766