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Consolidated Income Statements (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Gross sales $ 106,379 $ 97,972 $ 184,563 $ 164,164
Commissions, allowances and rebates 365 625 816 1,174
Net sales 106,014 97,347 183,747 162,990
Other revenue 621 546 413 1,008
Net revenues 106,635 97,893 184,160 163,998
Cost of goods sold 60,690 64,478 109,136 114,005
Gross profit 45,945 33,415 75,024 49,993
Operating expenses:        
Selling, general and administrative expenses 14,078 14,560 27,829 26,193
Research and development expenses 2,703 3,631 5,358 6,106
Total operating expenses 16,781 18,191 33,187 32,299
Operating profit 29,164 15,224 41,837 17,694
Other expenses/(income):        
Interest expense, net 474 543 950 1,065
Equity in losses of partially-owned affiliates   4,272 4 4,618
Other income, net (232) (3) (174) (21)
Income before income taxes 28,922 10,412 41,057 12,032
Provision/(benefit) for income taxes 9,472 (9,415) 13,239 (8,961)
Income from continuing operations 19,450 19,827 27,818 20,993
Income/(loss) from discontinued operations, net of tax 213 (160) (162) (344)
Net income $ 19,663 $ 19,667 $ 27,656 $ 20,649
Basic earnings/(loss) per share of common stock:        
Income from continuing operations (in Dollars per share) $ 0.62 $ 0.65 $ 0.89 $ 0.69
Income/(loss) from discontinued operations, net of tax (in Dollars per share) 0.01 (0.01) (0.01) (0.02)
Net income (in Dollars per share) 0.63 0.64 0.88 0.67
Diluted earnings/(loss) per share of common stock:        
Income from continuing operations (in Dollars per share) 0.60 0.63 0.86 0.67
Income/(loss) from discontinued operations, net of tax (in Dollars per share) 0.01 0.00 0.00 (0.01)
Net income (in Dollars per share) $ 0.61 $ 0.63 $ 0.86 $ 0.66
Weighted average shares outstanding:        
Basic (in Shares) 31,330 30,647 31,271 30,596
Effect of dilutive stock based compensation (in Shares) 1,096 781 1,038 802
Diluted (in Shares) 32,426 31,428 32,309 31,398