XML 74 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net Sales $ 29,100 $ 24,165 $ 87,062 $ 77,179
Cost of sales 8,934 6,910 27,117 22,458
Gross profit 20,166 17,255 59,945 54,721
Sales and marketing 7,429 6,622 22,887 20,504
General and administrative 4,551 3,983 14,026 13,227
Research and development 2,281 2,037 6,777 5,850
Gain on divestiture (5,876)
Total operating expenses 14,261 12,642 43,690 33,705
Income from operations 5,905 4,613 16,255 21,016
Other income (expense):        
Interest income 193 192 574 452
Foreign currency gain (loss) (208) (75) (338) (275)
Income before income taxes 5,890 4,730 16,491 21,193
Provision for income taxes 706 416 3,170 4,275
Net income $ 5,184 $ 4,314 $ 13,321 $ 16,918
Earnings per share of common stock:        
Basic (in dollars per share) $ 0.26 $ 0.22 $ 0.68 $ 0.87
Diluted (in dollars per share) $ 0.25 $ 0.21 $ 0.66 $ 0.84
Weighted-average shares outstanding:        
Basic (in shares) 19,871 19,503 19,731 19,369
Diluted (in shares) 20,378 20,293 20,277 20,258
Cash dividends declared per common share (in dollars per share) $ 0.085 $ 0.07 $ 0.255 $ 0.21