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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Products $ 116,048 $ 176,099 $ 251,242 $ 363,623
Services 26,391 39,177 57,758 77,655
Total revenues 142,439 215,276 309,000 441,278
Cost of sales:        
Products 65,407 98,349 142,329 204,356
Services 14,474 19,315 30,648 38,446
Total cost of sales 79,881 117,664 172,977 242,802
Selling, general and administrative 5,762 33,633 18,983 50,591
Engineering and product development 11,579 11,400 22,480 23,613
Total costs and expenses 97,222 162,697 214,440 317,006
Operating income 45,217 52,579 94,560 124,272
Interest income 541 165 1,023 214
Interest expense (10) (3) (14) (6)
Income before income taxes 45,748 52,741 95,569 124,480
Income tax provision 9,611 13,528 22,663 31,603
Net income $ 36,137 $ 39,213 $ 72,906 $ 92,877
Earnings per common share:        
Basic (in dollars per share) $ 0.96 $ 1.01 $ 1.94 $ 2.40
Diluted (in dollars per share) $ 0.96 $ 1.01 $ 1.93 $ 2.39
Weighted average common shares outstanding:        
Basic (in shares) 37,564 38,686 37,658 38,729
Diluted (in shares) 37,713 38,888 37,779 38,912