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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sales $ 60,564 $ 93,491 $ 140,079 $ 187,108
Cost of Sales 31,668 42,751 67,310 83,349
Gross Profit 28,896 50,740 72,769 103,759
Operating Expenses        
Selling, general and administrative 30,036 45,007 66,360 86,027
Research and development 10,186 10,626 20,601 22,267
Restructuring costs 636 0 14,324 0
Total operating expenses 40,858 55,633 101,285 108,294
Loss from operations (11,962) (4,893) (28,516) (4,535)
Other expense        
Interest expense, net 212 240 246 96
Other expense, net 117 1,689 590 1,884
Loss before income tax benefit (12,291) (6,822) (29,352) (6,515)
Income tax benefit (3,359) (417) (5,597) (262)
Net loss $ (8,932) $ (6,405) $ (23,755) $ (6,253)
Net (loss) income per share - Basic (in dollars per share) $ (0.50) $ (0.37) $ (1.34) $ (0.36)
Net (loss) income per share - Diluted (in dollars per share) $ (0.50) $ (0.37) $ (1.34) $ (0.36)
Weighted average shares - Basic (in shares) 17,747,739 17,333,996 17,710,014 17,323,479
Weighted average shares - Diluted (in shares) 17,747,739 17,333,996 17,710,014 17,323,479
Product        
Sales $ 42,259 $ 71,045 $ 98,784 $ 142,622
Cost of Sales 21,333 30,505 44,399 58,456
Service        
Sales 18,305 22,446 41,295 44,486
Cost of Sales $ 10,335 $ 12,246 $ 22,911 $ 24,893