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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 155,625 $ 153,505 $ 456,658 $ 458,416
Cost of sales 109,805 109,349 319,777 333,244
Gross profit 45,820 44,156 136,881 125,172
Research and development expenses 7,411 7,696 23,029 22,979
Selling, general and administrative expenses 29,505 26,214 87,316 77,441
Operating income 8,904 10,246 26,536 24,752
Interest income (expense), net (212) (268) (447) (1,272)
Accrued social insurance adjustment 0 0 0 9,464
Other income (expense), net (157) (1,646) (151) (1,263)
Income before provision for income taxes 2,485 8,332 19,888 31,681
Provision for income taxes 3,440 2,164 8,257 5,267
Net income (loss) $ (955) $ 6,168 $ 11,631 $ 26,414
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.07) $ 0.44 $ 0.85 $ 1.90
Diluted (in dollars per share) $ (0.07) $ 0.43 $ 0.84 $ 1.86
Shares used in computing earnings per share:        
Basic (in shares) 13,392 13,928 13,622 13,935
Diluted (in shares) 13,392 14,205 13,920 14,189
Argentina Subsidiary        
Loss on sale of Argentina subsidiary $ (6,050) $ 0 $ (6,050) $ 0