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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, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Revenues $ 60,335 $ 65,835 $ 121,689 $ 129,510
Cost of goods sold 42,454 45,971 86,107 91,141
Gross margin 17,881 19,864 35,582 38,369
Operating costs and expenses:        
Selling 2,710 2,635 5,313 5,059
General and administrative 5,981 5,878 11,730 12,287
Engineering and development 4,404 4,174 8,595 8,224
Business development   135   218
Amortization of intangible assets 799 828 1,592 1,607
Total operating costs and expenses 13,894 13,650 27,230 27,395
Operating income 3,987 6,214 8,352 10,974
Other expense (income):        
Interest expense 641 1,590 1,164 3,122
Other expense, net 80 (130) 70 (115)
Total other expense, net 721 1,460 1,234 3,007
Income before income taxes 3,266 4,754 7,118 7,967
Provision for income taxes (1,039) (1,561) (2,234) (2,419)
Net income $ 2,227 $ 3,193 $ 4,884 $ 5,548
Basic earnings per share:        
Earnings per share $ 0.24 $ 0.34 $ 0.54 $ 0.60
Basic weighted average common shares 9,165 9,343 9,120 9,312
Diluted earnings per share:        
Earnings per share $ 0.24 $ 0.34 $ 0.53 $ 0.60
Diluted weighted average common shares 9,265 9,343 9,250 9,312
Net income $ 2,227 $ 3,193 $ 4,884 $ 5,548
Foreign currency translation adjustment 3,105 (1,066) 3,779 963
Change in accumulated (loss) income on derivatives (137) (17) (223) (122)
Comprehensive income $ 5,195 $ 2,110 $ 8,440 $ 6,389