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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues $ 94,861 $ 127,922 $ 194,034 $ 247,150
Cost and expenses:        
Cost of sales: 69,443 87,549 137,193 169,989
Selling, general and administrative 23,739 31,267 51,794 57,075
Engineering and product development 10,526 10,308 19,974 22,158
Gain on sale of assets (5,099) (88) (5,099) (88)
Total costs and expenses 98,609 129,036 203,862 249,134
Operating loss (3,748) (1,114) (9,828) (1,984)
Interest income 2,275 1,070 4,075 2,007
Interest expense (151) (18) (350) (33)
Income (loss) before income taxes (1,624) (62) (6,103) (10)
Income tax provision (benefit) 1,418 (77) 4,318 (120)
Net income (loss) $ (3,042) $ 15 $ (10,421) $ 110
Earnings (loss) per common share:        
Basic (in dollars per share) $ (0.08) $ 0.00 $ (0.28) $ 0.00
Diluted (in dollars per share) $ (0.08) $ 0.00 $ (0.28) $ 0.00
Weighted average common shares outstanding:        
Basic (in shares) 37,615 37,528 37,672 37,526
Diluted (in shares) 37,615 37,718 37,672 37,706
Products        
Revenues $ 64,719 $ 102,092 $ 135,764 $ 193,684
Cost and expenses:        
Cost of sales: 51,822 74,991 103,431 141,453
Services        
Revenues 30,142 25,830 58,270 53,466
Cost and expenses:        
Cost of sales: $ 17,621 $ 12,558 $ 33,762 $ 28,536