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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Revenues $ 61,534 $ 65,280 $ 181,593 $ 187,784
Cost of goods sold 42,595 45,668 127,167 132,512
Gross margin 18,939 19,612 54,426 55,272
Operating costs and expenses:        
Selling 1,963 2,277 6,234 6,619
General and administrative 5,939 6,172 17,314 19,097
Engineering and development 3,345 3,204 10,498 10,193
Amortization of intangible assets 661 697 1,983 2,045
Total operating costs and expenses 11,908 12,350 36,029 37,954
Operating income 7,031 7,262 18,397 17,318
Other expense (income):        
Interest expense 1,504 1,607 4,530 4,895
Other expense, net (115) (368) (400) (668)
Total other expense, net 1,389 1,239 4,130 4,227
Income before income taxes 5,642 6,023 14,267 13,091
Provision for income taxes (1,364) (1,908) (3,888) (4,135)
Net income $ 4,278 $ 4,115 $ 10,379 $ 8,956
Basic earnings per share:        
Earnings per share (in dollars per share) $ 0.46 $ 0.45 $ 1.12 $ 0.98
Basic weighted average common shares (in shares) 9,266 9,157 9,239 9,143
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.46 $ 0.45 $ 1.12 $ 0.98
Diluted weighted average common shares (in shares) 9,266 9,157 9,239 9,143
Net income $ 4,278 $ 4,115 $ 10,379 $ 8,956
Foreign currency translation adjustment 400 (3,214) (3,162) (325)
Change in accumulated (loss) income on derivatives (87) 113 (146) (98)
Comprehensive income $ 4,591 $ 1,014 $ 7,071 $ 8,533