XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Net Sales by Geographic Area
For the three and nine months ended September 30, 2016 and 2015, net sales by geographic area were as follows (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
United States
$
60,558

 
84.2
%
 
$
43,689

 
86.7
%
 
$
155,245

 
83.4
%
 
$
117,885

 
83.1
%
Other Countries
11,324

 
15.8

 
6,687

 
13.3

 
30,923

 
16.6

 
23,966

 
16.9

Total
$
71,882

 
100.0
%
 
$
50,376

 
100.0
%
 
$
186,168

 
100.0
%
 
$
141,851

 
100.0
%
Weighted Average Number of Shares Outstanding and Income Per Share
The calculation of the weighted average number of shares outstanding and earnings per share are as follows (in thousands except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Numerator for basic and diluted earnings per share:
 
 
 
 
 
 
 
Net income
$
3,843

 
$
1,521

 
$
10,956

 
$
14,829

Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding - basic
52,206

 
53,709

 
52,791

 
53,509

Dilutive effect of stock-based awards
935

 
982

 
865

 
1,162

Diluted weighted average shares outstanding
53,141

 
54,691

 
53,656

 
54,671

Anti-dilutive stock-based awards excluded
227

 
160

 
304

 
160

Net income per common share:
 
 
 
 
 
 
 
Basic
$
0.07

 
$
0.03

 
$
0.21

 
$
0.28

Diluted
$
0.07

 
$
0.03

 
$
0.20

 
$
0.27

Summary of Changes in Estimated Product Warranty Liabilities
Changes in the Company’s estimated product warranty liabilities are as follows (in thousands):
 
Nine Months Ended September 30,
 
2016
 
2015
Balance, beginning of period
$
314

 
$
675

Utilization of accrual
(97
)
 
(293
)
Warranty expense
531

 
19

Balance, end of period
$
748

 
$
401