XML 46 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 350,065 $ 344,586 $ 647,685 $ 624,569
Cost of goods sold 263,654 262,372 489,953 477,113
Gross profit 86,411 82,214 157,732 147,456
Selling, general and administrative expenses 74,655 71,086 144,580 138,213
Depreciation expense 2,243 1,641 4,318 3,109
Amortization expense 597 564 1,160 1,127
Impairment of assets held for sale 0 0 0 48
Merger-related costs 3,262 0 3,469 0
Public offering transaction-related costs 0 0 0 448
Restructuring expense 205 2 397 9
Total operating expenses 80,962 73,293 153,924 142,954
Income from operations 5,449 8,921 3,808 4,502
Other income (expense)        
Interest expense (677) (668) (1,388) (1,299)
Other income, net 196 170 808 413
Income from continuing operations before income taxes 4,968 8,423 3,228 3,616
Income tax expense (benefit) 2,437 2,943 (1,154) 1,445
Income from continuing operations 2,531 5,480 4,382 2,171
Income from discontinued operations, net of income tax expense of $24, $94, $29 and $108, respectively 39 147 47 168
Net income $ 2,570 $ 5,627 $ 4,429 $ 2,339
Weighted average common shares outstanding        
Basic (in shares) 26,097,615 25,722,671 26,094,881 25,703,449
Diluted (in shares) 26,329,951 26,224,550 26,299,041 26,212,787
Basic income (loss) per share        
Income from continuing operations (in dollars per share) $ 0.10 $ 0.21 $ 0.17 $ 0.08
Income from discontinued operations (in dollars per share) 0.00 0.01 0.00 0.01
Net income per share (in dollars per share) 0.10 0.22 0.17 0.09
Diluted income (loss) per share        
Income from continuing operations (in dollars per share) 0.10 0.21 0.17 0.08
Income from discontinued operations (in dollars per share) 0.00 0.00 0.00 0.01
Net income per share (in dollars per share) $ 0.10 $ 0.21 $ 0.17 $ 0.09