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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net revenues $ 21,097 $ 15,888 $ 39,968 $ 30,068
Cost of revenues 10,187 7,467 19,663 13,919
Gross margin 10,910 8,421 20,305 16,149
Operating expenses:        
Selling expense 2,538 1,871 5,014 3,539
Engineering and product development expense 1,230 982 2,526 1,917
General and administrative expense 3,335 3,286 6,325 5,280
Adjustment to contingent consideration liability (710) 1,016
Total operating expenses 6,393 6,139 14,881 10,736
Operating income 4,517 2,282 5,424 5,413
Other income (loss) (121) 54 (46) 95
Earnings before income tax expense 4,396 2,336 5,378 5,508
Income tax expense 382 891 983 1,985
Net earnings $ 4,014 $ 1,445 $ 4,395 $ 3,523
Net earnings per common share - basic (in dollars per share) $ 0.39 $ 0.14 $ 0.43 $ 0.34
Weighted average common shares outstanding - basic (in shares) 10,342,674 10,277,155 10,334,492 10,270,860
Net earnings per common share - diluted (in dollars per share) $ 0.39 $ 0.14 $ 0.42 $ 0.34
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,370,318 10,334,894 10,367,812 10,315,115