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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME    
Revenues $ 61,354 $ 63,675
Cost of goods sold 43,653 45,170
Gross margin 17,701 18,505
Operating costs and expenses:    
Selling 2,603 2,424
General and administrative 5,749 6,409
Engineering and development 4,191 4,050
Business development   83
Amortization of intangible assets 793 779
Total operating costs and expenses 13,336 13,745
Operating income 4,365 4,760
Other expense (income):    
Interest expense 523 1,532
Other expense, net (10) 15
Total other expense, net 513 1,547
Income before income taxes 3,852 3,213
Provision for income taxes (1,195) (858)
Net income $ 2,657 $ 2,355
Basic earnings per share:    
Earnings per share (in dollars per share) $ 0.29 $ 0.25
Basic weighted average common shares (in shares) 9,068 9,273
Diluted earnings per share:    
Earnings per share (in dollars per share) $ 0.29 $ 0.25
Diluted weighted average common shares (in shares) 9,229 9,273
Net income $ 2,657 $ 2,355
Other comprehensive income:    
Foreign currency translation adjustment 674 2,029
Change in accumulated loss on derivatives (86) (104)
Comprehensive income $ 3,245 $ 4,280