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Note 15 - Quarterly Consolidated Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information [Text Block]


(15)  QUARTERLY CONSOLIDATED FINANCIAL DATA (Unaudited)


The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters ended December 31, 2014. In our opinion, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of results for the full year or for any future period.

Year-over-year quarterly comparisons of our results of operations may not be as meaningful as the sequential quarterly comparisons set forth below that tend to reflect the cyclical activity of the semiconductor and ATE markets. Quarterly fluctuations in expenses are related directly to sales activity and volume and may also reflect the timing of operating expenses incurred throughout the year.


 

Quarters Ended

       
 

3/31/14

6/30/14

9/30/14

12/31/14

Total

Net revenues

  $ 8,797     $ 12,343     $ 10,794     $ 9,862     $ 41,796  

Gross margin

    4,185       6,082       5,168       5,027       20,462  

Earnings before income tax expense

    411       2,054       1,268       1,176       4,909  

Income tax expense

    125       697       431       217       1,470  

Net earnings

    286       1,357       837       959       3,439  
                                         

Net earnings per common share - basic

  $ 0.03     $ 0.13     $ 0.08     $ 0.09     $ 0.33  

Weighted average common shares outstanding - basic

    10,393,956       10,436,730       10,440,803       10,454,716       10,431,743  

Net earnings per common share - diluted

  $ 0.03     $ 0.13     $ 0.08     $ 0.09     $ 0.33  

Weighted average common shares outstanding - diluted

    10,448,911       10,456,183       10,477,814       10,480,867       10,466,064  

 

Quarters Ended

       
 

3/31/13

6/30/13

9/30/13

12/31/13

Total

Net revenues

  $ 8,973     $ 11,218     $ 9,900     $ 9,335     $ 39,426  

Gross margin

    4,105       5,465       4,756       4,689       19,015  

Earnings before income tax expense

    370       1,487       1,114       1,037       4,008  

Income tax expense

    78       484       24       345       931  

Net earnings

    292       1,003       1,090       692       3,077  
                                         

Net earnings per common share - basic

  $ 0.03     $ 0.10     $ 0.11     $ 0.07     $ 0.30  

Weighted average common shares outstanding - basic

    10,327,428       10,371,716       10,377,189       10,377,678       10,363,678  

Net earnings per common share - diluted

  $ 0.03     $ 0.10     $ 0.10     $ 0.07     $ 0.30  

Weighted average common shares outstanding - diluted

    10,366,312       10,394,094       10,404,095       10,435,096       10,419,103