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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, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Revenues $ 64,968 $ 61,040 $ 186,657 $ 190,550
Cost of goods sold 45,422 43,133 131,529 134,274
Gross profit 19,546 17,907 55,128 56,276
Operating costs and expenses:        
Selling 2,822 2,431 8,135 7,490
General and administrative 6,255 5,264 17,985 17,551
Engineering and development 4,389 3,961 12,984 12,185
Business development   123   341
Amortization of intangible assets 813 802 2,405 2,409
Total operating costs and expenses 14,279 12,581 41,509 39,976
Operating income 5,267 5,326 13,619 16,300
Other expense (income):        
Interest expense 633 1,504 1,797 4,626
Other expense, net 65 (75) 135 (190)
Total other expense, net 698 1,429 1,932 4,436
Income before income taxes 4,569 3,897 11,687 11,864
Provision for income taxes (1,512) (1,076) (3,746) (3,495)
Net income $ 3,057 $ 2,821 $ 7,941 $ 8,369
Basic earnings per share:        
Earnings per share (in dollars per share) $ 0.33 $ 0.30 $ 0.87 $ 0.90
Basic weighted average common shares (in shares) 9,173 9,350 9,137 9,325
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.33 $ 0.30 $ 0.86 $ 0.90
Diluted weighted average common shares (in shares) 9,294 9,350 9,265 9,325
Net income $ 3,057 $ 2,821 $ 7,941 $ 8,369
Foreign currency translation adjustment 1,829 383 5,608 1,346
Change in accumulated (loss) income on derivatives 45 66 (178) (56)
Comprehensive income (loss) $ 4,931 $ 3,270 $ 13,371 $ 9,659