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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 97,535 $ 98,831 $ 194,289 $ 200,504
Cost of sales 75,542 80,774 153,055 164,442
Gross profit 21,993 18,057 41,234 36,062
Selling, product development and administrative expenses 13,655 13,477 27,899 27,347
Gain on sale of product line (405) (405) (810) (810)
Operating income 8,743 4,985 14,145 9,525
Interest expense 87 473 177 683
Other(income)expense, net (27) (15) 16 28
Income from continuing operations before income taxes 8,683 4,527 13,952 8,814
Income tax expense 2,091 1,911 3,448 3,566
Income from continuing operations 6,592 2,616 10,504 5,248
Income from discontinued operations, net of tax of $2,591 and $2,728   4,484   4,732
Net income $ 6,592 $ 7,100 $ 10,504 $ 9,980
Basic earnings per share:        
Continuing operations $ 0.39 $ 0.16 $ 0.63 $ 0.31
Discontinued operations   $ 0.27   $ 0.28
Net income $ 0.39 $ 0.42 $ 0.63 $ 0.60
Diluted earnings per share:        
Continuing operations $ 0.39 $ 0.15 $ 0.62 $ 0.31
Discontinued operations   $ 0.27   $ 0.28
Net income $ 0.39 $ 0.42 $ 0.62 $ 0.59
Weighted average number of common shares outstanding:        
Basic 16,770 16,741 16,799 16,738
Diluted 16,962 16,909 16,939 16,875