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Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues $ 24,706 $ 34,930 $ 115,766 $ 97,701
Cost of sales 19,636 22,890 80,811 67,649
Gross profit 5,070 12,040 34,955 30,052
Operating expenses:        
Selling, general and administrative 3,473 3,895 9,823 8,507
Amortization 121 127 364 365
Total operating expenses 3,594 4,022 10,187 8,872
Operating income 1,476 8,018 24,768 21,180
Interest expense (24) (296) (170) (919)
Income before income taxes 1,452 7,722 24,598 20,261
Income tax expense (benefit) (652) 2,933 8,236 7,699
Net income $ 2,104 $ 4,789 $ 16,362 $ 12,562
Net income per common share - Basic $ 0.05 $ 0.14 $ 0.39 $ 0.38
Net income per common share - Diluted $ 0.05 $ 0.14 $ 0.38 $ 0.37
Weighted average number of shares outstanding - Basic 41,869,528 33,873,479 41,648,439 33,265,470
Weighted average number of shares outstanding - Diluted 43,463,982 35,297,585 43,173,427 34,341,930