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Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net revenues $ 17,352 $ 10,823 $ 47,420 $ 29,955
Cost of revenues 8,556 5,246 22,475 14,982
Gross margin 8,796 5,577 24,945 14,973
Operating expenses:        
Selling expense 2,322 1,394 5,861 4,200
Engineering and product development expense 1,139 905 3,056 2,878
General and administrative expense 3,143 1,574 8,423 5,364
Adjustment to contingent consideration liability (549) 0 (549)
Total operating expenses 6,055 3,873 16,791 12,442
Operating income 2,741 1,704 8,154 2,531
Other income 100 17 195 63
Earnings before income tax expense 2,841 1,721 8,349 2,594
Income tax expense 823 631 2,808 937
Net earnings $ 2,018 $ 1,090 $ 5,541 $ 1,657
Net earnings per common share - basic (in dollars per share) $ 0.20 $ 0.11 $ 0.54 $ 0.16
Weighted average common shares outstanding - basic (in shares) 10,288,325 10,295,447 10,276,682 10,327,095
Net earnings per common share - diluted (in dollars per share) $ 0.19 $ 0.11 $ 0.54 $ 0.16
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,351,009 10,318,715 10,327,080 10,344,747