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Consolidated Income Statements (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Gross sales $ 175,196 $ 147,214 $ 333,416 $ 286,344
Commissions, allowances and rebates 331 192 618 401
Net sales 174,865 147,022 332,798 285,943
Other revenues, net 1,985 5,024 3,508 7,200
Net revenue 176,850 152,046 336,306 293,143
Total cost of goods sold 114,022 87,254 218,595 177,496
Gross profit 62,828 64,792 117,711 115,647
Operating expenses:        
Selling, general and administrative expenses 25,695 15,668 50,736 32,523
Research and development expenses 3,678 4,133 7,140 7,752
Acquisition and integration expenses 562 339 6,618 339
Total operating expenses 29,935 20,140 64,494 40,614
Operating profit 32,893 44,652 53,217 75,033
Other expenses/(income):        
Interest expense, net 5,746 17 11,370 99
Unrealized loss/(gain) on investment in equity securities 3,235 (5,146) 3,804 (5,146)
Other expenses, net 353 181 425 445
Income before income taxes 23,559 49,600 37,618 79,635
Provision for income taxes 7,872 8,748 11,404 14,534
Income from continuing operations 15,687 40,852 26,214 65,101
Loss from discontinued operations, net of tax (69) (433) (187) (624)
Net income $ 15,618 $ 40,419 $ 26,027 $ 64,477
Basic earnings/(loss) per share of common stock:        
Income from continuing operations $ 0.47 $ 1.23 $ 0.78 $ 1.97
Loss from discontinued operations, net of tax 0.00 (0.01) (0.01) (0.02)
Net income 0.46 1.22 0.77 1.95
Diluted earnings/(loss) per share of common stock:        
Income from continuing operations 0.46 1.21 0.78 1.94
Loss from discontinued operations, net of tax 0.00 (0.01) 0.00 (0.02)
Net income $ 0.46 $ 1.20 $ 0.77 $ 1.92
Weighted average shares outstanding:        
Basic 33,657 33,085 33,645 32,990
Effect of dilutive stock based compensation 116 557 122 628
Diluted 33,773 33,642 33,767 33,618
Product Sales [Member]        
Gross sales $ 145,273 $ 142,993 $ 269,518 $ 278,452
Total cost of goods sold 89,719 83,557 168,524 170,140
Service Revenue [Member]        
Gross sales 29,923 4,221 63,898 7,892
Total cost of goods sold $ 24,303 $ 3,697 $ 50,071 $ 7,356