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Consolidated Income Statements (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Gross sales $ 119,054 $ 106,379 $ 212,989 $ 184,563
Commissions, allowances and rebates 833 365 1,336 816
Net sales 118,221 106,014 211,653 183,747
Other revenue 417 621 1,726 413
Net revenues 118,638 106,635 213,379 184,160
Cost of goods sold 70,081 60,690 125,923 109,136
Gross profit 48,557 45,945 87,456 75,024
Operating expenses:        
Selling, general and administrative expenses 13,607 14,078 27,652 27,829
Research and development expenses 4,125 2,703 7,603 5,358
Total operating expenses 17,732 16,781 35,255 33,187
Operating profit 30,825 29,164 52,201 41,837
Other expenses/(income):        
Interest expense/(income), net 46 474 (9) 950
Other expenses/(income), net 180 (232) 214 (170)
Income before income taxes 30,599 28,922 51,996 41,057
Provision for income taxes 9,789 9,472 16,341 13,239
Income from continuing operations 20,810 19,450 35,655 27,818
(Loss)/income from discontinued operations, net of tax (316) 213 (579) (162)
Net income $ 20,494 $ 19,663 $ 35,076 $ 27,656
Basic earnings/(loss) per share of common stock:        
Income from continuing operations (in dollars per share) $ 0.65 $ 0.62 $ 1.12 $ 0.89
(Loss)/income from discontinued operations, net of tax (in dollars per share) (0.01) 0.01 (0.02) (0.01)
Net income (in dollars per share) 0.64 0.63 1.10 0.88
Diluted earnings/(loss) per share of common stock:        
Income from continuing operations (in dollars per share) 0.63 0.60 1.09 0.86
(Loss)/income from discontinued operations, net of tax (in dollars per share) (0.01) 0.01 (0.02)
Net income (in dollars per share) $ 0.62 $ 0.61 $ 1.07 $ 0.86
Weighted average shares outstanding:        
Basic (in shares) 32,063 31,344 31,975 31,271
Effect of dilutive stock based compensation (in shares) 863 1,096 873 1,038
Diluted (in shares) 32,926 32,440 32,848 32,309