XML 45 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 93,972 $ 64,628 $ 244,085 $ 176,342
Cost of sales 75,344 52,256 198,131 143,617
Gross profit 18,628 12,372 45,954 32,725
Operating expenses:        
Research & development and engineering 4,501 3,250 11,844 7,310
Selling and service 2,706 1,841 6,871 5,810
General and administrative 3,902 3,159 10,306 8,563
Total operating expenses 11,109 8,250 29,021 21,683
Operating income 7,519 4,122 16,933 11,042
Other (income) expense:        
Interest expense 407 135 887 570
Loss on debt extinguishment       270
Contingent consideration (3,208)   (3,782)  
Private placement warrant (income) expense (858) 12,605 (1,190) 21,658
Other expense (income), net 34 (19) 109 (36)
Total other (income) expense (3,625) 12,721 (3,976) 22,462
Income (loss) before income taxes 11,144 (8,599) 20,909 (11,420)
Income tax provision 2,713 1,382 5,992 3,588
Net income (loss) $ 8,431 $ (9,981) $ 14,917 $ (15,008)
Common Shares [Member]
       
Weighted-average common shares outstanding:        
Basic 10,794,229 10,266,176 10,676,792 9,536,687
Diluted 11,167,598 10,266,176 11,125,116 9,536,687
Earnings (loss) per share-basic Common shares $ 0.78 $ (0.97) $ 1.40 $ (1.57)
Earnings (loss) per share-diluted Common shares $ 0.68 $ (0.97) $ 1.23 $ (1.57)