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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME      
Revenues $ 232,434 $ 249,682 $ 125,502
Cost of goods sold 163,662 176,256 88,980
Gross margin 68,772 73,426 36,522
Operating costs and expenses:      
Selling 8,149 8,709 5,513
General and administrative 22,251 23,972 13,282
Engineering and development 14,229 13,881 7,931
Business development 569   1,913
Amortization of intangible assets 2,644 2,714 825
Total operating costs and expenses 47,842 49,276 29,464
Operating income 20,930 24,150 7,058
Other expense (income):      
Interest expense 6,023 6,435 1,445
Other expense (income), net (514) (908) (168)
Total other expense (income), net 5,509 5,527 1,277
Income before income taxes 15,421 18,623 5,781
Provision for income taxes (4,347) (4,763) (1,828)
Net income $ 11,074 $ 13,860 $ 3,953
Basic earnings per share:      
Earnings per share (in dollars per share) $ 1.20 $ 1.52 $ 0.45
Basic weighted average common shares (in shares) 9,228 9,145 8,833
Diluted earnings per share:      
Earnings per share (in dollars per share) $ 1.20 $ 1.51 $ 0.45
Diluted weighted average common shares (in shares) 9,238 9,165 8,840
Net income $ 11,074 $ 13,860 $ 3,953
Foreign currency translation adjustment (4,334) (5,601) 652
Change in accumulated income (loss) income on derivatives (25) (43) 41
Pension adjustments (1) [1] 165 (663) 854
Comprehensive income $ 6,880 $ 7,553 $ 5,500
[1] Net of tax of $114, ($460) and $480 for the periods ending December 31, 2015, 2014 and 2013, respectively.