XML 74 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Organization and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Net Sales by Geographic Area

For the three and six months ended June 30, 2014 and 2013, net sales by geographic area were as follows (dollars in thousands):

 

     Three Months Ended June 30,     Six Months Ended June 30,  
     2014     2013     2014     2013  

United States

   $ 32,155         86   $ 27,239         85   $ 57,731         79   $ 54,554         87

Other Countries

     5,020         14        4,936         15        15,629         21        8,055         13   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 37,175         100   $ 32,175         100   $ 73,360         100   $ 62,609         100
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

 
Weighted Average Number of Shares Outstanding and Income Per Share

The calculation of the weighted average number of shares outstanding and income per share are as follows (in thousands except per share data):

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2014      2013      2014      2013  

Numerator for basic and diluted earnings per share:

           

Net income

   $ 3,884       $ 4,457       $ 7,275       $ 7,755   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Weighted average shares outstanding—basic

     53,383         51,109         53,287         51,923   

Dilutive effect of stock-based awards

     1,372         1,744         1,641         1,776   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     54,755         52,853         54,928         53,699   
  

 

 

    

 

 

    

 

 

    

 

 

 

Anti-dilutive stock-based awards excluded

     361         1,235         309         1,234   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per common share:

           

Basic

   $ 0.07       $ 0.09       $ 0.14       $ 0.15   

Diluted

   $ 0.07       $ 0.08       $ 0.13       $ 0.14   
Summary of Changes in Estimated Product Warranty Liabilities

Changes in the Company’s estimated product warranty liabilities are as follows (in thousands):

 

     Six Months Ended June 30,  
     2014     2013  

Balance, beginning of period

   $ 955      $ 484   

Utilization of accrual

     (303     (295

Warranty expense

     426        506   
  

 

 

   

 

 

 

Balance, end of period

   $ 1,078      $ 695