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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net revenues $ 14,352 $ 21,097 $ 32,414 $ 39,968
Cost of revenues 7,633 10,187 16,859 19,663
Gross margin 6,719 10,910 15,555 20,305
Operating expenses:        
Selling expense 2,087 2,538 4,461 5,014
Engineering and product development expense 1,208 1,230 2,492 2,526
General and administrative expense 3,718 3,335 7,455 6,325
Adjustment to contingent consideration liability (710) 1,016
Total operating expenses 7,013 6,393 14,408 14,881
Operating income (loss) (294) 4,517 1,147 5,424
Other income (loss) (6) (121) 15 (46)
Earnings (loss) before income tax expense (benefit) (300) 4,396 1,162 5,378
Income tax expense (benefit) (113) 382 211 983
Net earnings (loss) $ (187) $ 4,014 $ 951 $ 4,395
Net earnings (loss) per common share - basic (in dollars per share) $ (0.02) $ 0.39 $ 0.09 $ 0.43
Weighted average common shares outstanding - basic (in shares) 10,411,276 10,342,674 10,398,147 10,334,492
Net earnings (loss) per common share - diluted (in dollars per share) $ (0.02) $ 0.39 $ 0.09 $ 0.42
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,411,276 10,370,318 10,419,914 10,367,812