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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, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Revenues $ 61,040 $ 61,534 $ 190,550 $ 181,593
Cost of goods sold 43,434 42,595 135,054 127,167
Gross margin 17,606 18,939 55,496 54,426
Operating costs and expenses:        
Selling 2,431 1,963 7,490 6,234
General and administrative 5,264 5,939 17,551 17,314
Engineering and development 3,961 3,345 12,185 10,498
Business development 123   341  
Amortization of intangible assets 802 661 2,409 1,983
Total operating costs and expenses 12,581 11,908 39,976 36,029
Operating income 5,025 7,031 15,520 18,397
Other expense (income):        
Interest expense 1,504 1,504 4,626 4,530
Other income, net (75) (115) (190) (400)
Total other expense, net 1,429 1,389 4,436 4,130
Income before income taxes 3,596 5,642 11,084 14,267
Provision for income taxes (1,076) (1,364) (3,495) (3,888)
Net income $ 2,520 $ 4,278 $ 7,589 $ 10,379
Basic earnings per share:        
Earnings per share (in dollars per share) $ 0.27 $ 0.46 $ 0.81 $ 1.12
Basic weighted average common shares (in shares) 9,350 9,266 9,325 9,239
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.27 $ 0.46 $ 0.81 $ 1.12
Diluted weighted average common shares (in shares) 9,350 9,266 9,325 9,239
Net income $ 2,520 $ 4,278 $ 7,589 $ 10,379
Foreign currency translation adjustment 383 400 1,346 (3,162)
Change in accumulated (loss) income on derivatives 66 (87) (56) (146)
Comprehensive income (loss) $ 2,969 $ 4,591 $ 8,879 $ 7,071