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Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net revenues $ 10,823 $ 9,203 $ 29,955 $ 30,950
Cost of revenues 5,246 4,880 14,982 15,863
Gross margin 5,577 4,323 14,973 15,087
Operating expenses:        
Selling expense 1,394 1,370 4,200 4,449
Engineering and product development expense 905 1,041 2,878 3,030
General and administrative expense 1,574 1,511 5,364 4,887
Total operating expenses 3,873 3,922 12,442 12,366
Operating income 1,704 401 2,531 2,721
Other income 17 6 63 16
Earnings before income tax expense 1,721 407 2,594 2,737
Income tax expense 631 97 937 909
Net earnings $ 1,090 $ 310 $ 1,657 $ 1,828
Net earnings per common share - basic (in dollars per share) $ 0.11 $ 0.03 $ 0.16 $ 0.17
Weighted average common shares outstanding - basic (in shares) 10,295,447 10,473,928 10,327,095 10,470,410
Net earnings per common share - diluted (in dollars per share) $ 0.11 $ 0.03 $ 0.16 $ 0.17
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,318,715 10,498,911 10,344,747 10,492,317