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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
NET SALES $ 95,907 $ 90,477 $ 292,057 $ 268,357
COST OF SALES 50,572 49,423 155,528 145,034
GROSS PROFIT 45,335 41,054 136,529 123,323
OPERATING EXPENSES:        
Selling, general, and administrative 28,880 25,708 88,638 76,474
Research and development 7,098 5,401 20,130 15,847
Acquired in-process research and development 275 3,438 2,450 3,438
Total operating expenses 36,253 34,547 111,218 95,759
INCOME FROM OPERATIONS 9,082 6,507 25,311 27,564
OTHER INCOME (EXPENSE):        
Interest income 57 36 176 52
Interest expense (128) (19) (352) (755)
Other income 26 159 633 238
Other (expense) income — net (45) 176 457 (465)
INCOME BEFORE INCOME TAXES 9,037 6,683 25,768 27,099
INCOME TAX EXPENSE 1,811 2,120 6,699 9,025
NET INCOME $ 7,226 $ 4,563 $ 19,069 $ 18,074
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.17 $ 0.11 $ 0.45 $ 0.47
Diluted (in dollars per share) $ 0.17 $ 0.11 $ 0.45 $ 0.47
AVERAGE COMMON SHARES:        
Basic (in shares) 42,202 41,909 42,087 38,123
Diluted (in shares) 42,692 42,502 42,536 38,832