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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 98,831 $ 77,072 $ 200,504 $ 148,513
Cost of sales 80,774 62,648 164,442 120,685
Gross profit 18,057 14,424 36,062 27,828
Selling, product development and administrative expenses 13,477 13,533 27,347 27,582
Gain on sale of product line, net (405) (1,733) (810) (1,733)
Operating income 4,985 2,624 9,525 1,979
Interest expense 473 209 683 429
Other expense (income), net (15) (54) 28 (148)
Income from continuing operations before income taxes 4,527 2,469 8,814 1,698
Income tax expense 1,284 788 2,876 476
Income from continuing operations 3,243 1,681 5,938 1,222
Income from discontinued operations, net of tax 4,484 402 4,732 390
Net Income $ 7,727 $ 2,083 $ 10,670 $ 1,612
Basic earnings per share:        
Continuing operations $ 0.19 $ 0.10 $ 0.35 $ 0.07
Discontinued operations $ 0.27 $ 0.02 $ 0.28 $ 0.02
Net income $ 0.46 $ 0.13 $ 0.64 $ 0.10
Diluted earnings per share:        
Continuing operations $ 0.19 $ 0.10 $ 0.35 $ 0.07
Discontinued operations $ 0.27 $ 0.02 $ 0.28 $ 0.02
Net income $ 0.46 $ 0.12 $ 0.63 $ 0.10
Weighted average number of common shares outstanding:        
Basic 16,741 16,658 16,738 16,654
Diluted 16,909 16,839 16,875 16,798