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Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues $ 52,231 $ 34,605 $ 91,061 $ 62,772
Cost of sales 34,811 24,114 61,174 44,759
Gross profit 17,420 10,491 29,887 18,013
Operating expenses:        
Selling and marketing 1,110 1,019 2,149 2,136
General and administrative 2,410 1,328 4,445 2,714
Total operating expenses 3,520 2,347 6,594 4,850
Operating income 13,900 8,144 23,293 13,163
Interest expense 61 352 146 623
Income before income taxes 13,839 7,792 23,147 12,540
Income tax expense 5,314 2,962 8,888 4,766
Net income $ 8,525 $ 4,830 $ 14,259 $ 7,774
Net income per common share - Basic $ 0.21 $ 0.15 $ 0.34 $ 0.24
Net income per common share - Diluted $ 0.20 $ 0.14 $ 0.33 $ 0.23
Weighted average number of shares outstanding - Basic 41,567,848 33,128,518 41,537,894 33,008,588
Weighted average number of shares outstanding - Diluted 43,550,226 34,270,337 43,490,914 34,045,125