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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net revenues $ 14,632 $ 20,160 $ 47,046 $ 60,128
Cost of revenues 7,427 10,068 24,286 29,731
Gross margin 7,205 10,092 22,760 30,397
Operating expenses:        
Selling expense 2,044 2,291 6,505 7,305
Engineering and product development expense 1,261 1,207 3,753 3,733
General and administrative expense 3,094 3,318 10,549 9,643
Adjustment to contingent consideration liability 3,057 4,073
Total operating expenses 6,399 9,873 20,807 24,754
Operating income 806 219 1,953 5,643
Other income (loss) (12) (57) 3 (103)
Earnings before income tax expense 794 162 1,956 5,540
Income tax expense 147 728 358 1,711
Net earnings (loss) $ 647 $ (566) $ 1,598 $ 3,829
Net earnings (loss) per common share - basic (in dollars per share) $ 0.06 $ (0.05) $ 0.15 $ 0.37
Weighted average common shares outstanding - basic (in shares) 10,421,383 10,355,673 10,405,892 10,341,552
Net earnings (loss) per common share - diluted (in dollars per share) $ 0.06 $ (0.05) $ 0.15 $ 0.37
Weighted average common shares and common share equivalents outstanding - diluted (in shares) 10,429,536 10,355,673 10,423,121 10,377,505