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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Revenues $ 60,479 $ 62,069 $ 120,059 $ 122,504
Cost of goods sold 42,492 43,501 84,572 86,844
Gross margin 17,987 18,568 35,487 35,660
Operating costs and expenses:        
Selling 2,063 2,232 4,271 4,342
General and administrative 5,822 6,709 11,375 12,925
Engineering and development 3,707 3,472 7,153 6,989
Amortization of intangible assets 660 670 1,322 1,348
Total operating costs and expenses 12,252 13,083 24,121 25,604
Operating income 5,735 5,485 11,366 10,056
Other expense (income):        
Interest expense 1,511 1,649 3,026 3,287
Other (expense) income, net (19) 53 (285) (299)
Total other expense, net 1,492 1,702 2,741 2,988
Income before income taxes 4,243 3,783 8,625 7,068
Provision for income taxes (1,118) (1,090) (2,524) (2,227)
Net income $ 3,125 $ 2,693 $ 6,101 $ 4,841
Basic earnings per share:        
Earnings per share (in dollars per share) $ 0.34 $ 0.29 $ 0.66 $ 0.53
Basic weighted average common shares (in shares) 9,264 9,152 9,225 9,136
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.34 $ 0.29 $ 0.66 $ 0.53
Diluted weighted average common shares (in shares) 9,264 9,152 9,225 9,136
Net income $ 3,125 $ 2,693 $ 6,101 $ 4,841
Foreign currency translation adjustment 917 (332) (3,562) (325)
Change in accumulated income (loss) on derivatives 41 (89) (59) (98)
Comprehensive income $ 4,083 $ 2,272 $ 2,480 $ 4,418