XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Income Statements (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Gross sales $ 134,487 $ 119,054 $ 238,198 $ 212,989
Commissions, allowances and rebates 649 833 1,243 1,336
Net sales 133,838 118,221 236,955 211,653
Other revenues, net 716 417 2,605 1,726
Net revenue 134,554 118,638 239,560 213,379
Cost of goods sold 77,052 70,081 135,233 125,923
Gross profit 57,502 48,557 104,327 87,456
Operating expenses:        
Selling, general and administrative expenses 18,480 13,607 34,234 27,652
Research and development expenses 4,467 4,125 8,357 7,603
Total operating expenses 22,947 17,732 42,591 35,255
Operating profit 34,555 30,825 61,736 52,201
Other expenses/(income):        
Interest expense/(income), net 388 46 654 (9)
Other (income)/expenses, net (131) 180 (143) 214
Income before income taxes 34,298 30,599 61,225 51,996
Provision for income taxes 9,174 9,789 14,986 16,341
Income from continuing operations 25,124 20,810 46,239 35,655
Loss from discontinued operations, net of tax (94) (316) (1,344) (579)
Net income $ 25,030 $ 20,494 $ 44,895 $ 35,076
Basic earnings/(loss) per share of common stock:        
Income from continuing operations (in dollars per share) $ 0.77 $ 0.65 $ 1.42 $ 1.12
Loss from discontinued operations, net of tax (in dollars per share) 0 (0.01) (0.04) (0.02)
Net income (in dollars per share) 0.77 0.64 1.38 1.10
Diluted earnings/(loss) per share of common stock:        
Income from continuing operations (in dollars per share) 0.75 0.63 1.38 1.09
Loss from discontinued operations, net of tax (in dollars per share) 0 (0.01) (0.04) (0.02)
Net income (in dollars per share) $ 0.75 $ 0.62 $ 1.34 $ 1.07
Weighted average shares outstanding:        
Basic (in shares) 32,629 32,063 32,542 31,975
Effect of dilutive stock based compensation (in shares) 840 863 874 873
Diluted (in shares) 33,469 32,926 33,416 32,848