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Consolidated Income Statements (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Gross sales $ 146,055 $ 104,231 $ 479,471 $ 390,575
Commissions, allowances and rebates 220 240 838 641
Net sales 145,835 103,991 478,633 389,934
Other revenues, net 2,728 627 6,236 7,827
Net revenue 148,563 104,618 484,869 397,761
Total cost of goods sold 97,662 71,893 316,257 249,389
Gross profit 50,901 32,725 168,612 148,372
Operating expenses:        
Selling, general and administrative expenses 25,583 14,514 76,319 47,037
Research and development expenses 3,427 4,191 10,567 11,943
Merger, acquisition and integration expenses 4,431 7,388 11,049 7,727
Total operating expenses 33,441 26,093 97,935 66,707
Operating profit 17,460 6,632 70,677 81,665
Other expenses/(income):        
Interest expense, net 5,584 725 16,954 824
Loss/(gain) on investment in equity securities 540 (5,611) 4,344 (10,757)
Other expenses, net 296 109 721 554
Income before income taxes 11,040 11,409 48,658 91,044
Provision for/(benefit from) income taxes 2,692 (15,406) 14,096 (872)
Income from continuing operations 8,348 26,815 34,562 91,916
Income/(loss) from discontinued operations, net of tax 1,198 (86) 1,011 (710)
Net income $ 9,546 $ 26,729 $ 35,573 $ 91,206
Basic earnings/(loss) per share of common stock:        
Income from continuing operations $ 0.25 $ 0.80 $ 1.03 $ 2.77
Income/(loss) from discontinued operations, net of tax 0.03 0.00 0.03 (0.02)
Net income 0.28 0.80 1.06 2.75
Diluted earnings/(loss) per share of common stock:        
Income from continuing operations 0.25 0.79 1.02 2.73
Income/(loss) from discontinued operations, net of tax 0.03 0.00 0.03 (0.02)
Net income $ 0.28 $ 0.79 $ 1.05 $ 2.71
Weighted average shares outstanding:        
Basic 33,683 33,406 33,658 33,130
Effect of dilutive stock based compensation 225 486 152 573
Diluted 33,908 33,892 33,810 33,703
Product Sales [Member]        
Gross sales $ 118,698 $ 97,518 $ 388,216 $ 375,970
Total cost of goods sold 74,493 65,926 243,017 236,066
Service Revenue [Member]        
Gross sales 27,357 6,713 91,255 14,605
Total cost of goods sold $ 23,169 $ 5,967 $ 73,240 $ 13,323