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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Net revenues $ 78,563 $ 66,801
Cost of revenues 39,162 32,111
Gross margin 39,401 34,690
Operating expenses:    
Selling expense 9,611 8,108
Engineering and product development expense 4,908 4,301
General and administrative expense 12,801 11,694
Adjustment to contingent consideration liability 6,901 6,976
Total operating expenses 34,221 31,079
Operating income 5,180 3,611
Other income (expense) (137) 227
Earnings before income tax expense 5,043 3,838
Income tax expense 2,006 2,863
Net earnings $ 3,037 $ 975
Net earnings per common share – basic (in dollars per share) $ 0.29 $ 0.09
Weighted average common shares outstanding – basic (in shares) 10,347,947 10,284,572
Net earnings per common share – diluted (in dollars per share) $ 0.29 $ 0.09
Weighted average common shares and common share equivalents outstanding – diluted (in shares) 10,382,194 10,339,313