The Company is presenting its consolidated financial statements for the three month period ended March 31, 2019. The following tables provide certain unaudited comparative financial information for the same period of the prior year.

Consolidated Statements of Income

(in thousands, except share and per share data)



	Three months ended March 31,
				(unaudited)
	2019			2018
Net sales	$	66,141		$	65,920
Cost of sales	25,650			25,712
Gross profit	40,491			40,208
Selling, general and administrative expenses	37,324			36,234
Restructuring expenses	22,176			—
Operating income (loss)	(19,009		)	3,974
Other expense, net	(315		)	(888		)
Interest expense, net	(1,849		)	(1,963		)
Income (loss) before provision for income taxes	(21,173		)	1,123
Income tax benefit (provision)	3,259			(433		)
Net income (loss)	$	(17,914	)	$	690
Comprehensive income (loss)	$	(17,914	)	$	690
Net income (loss) per share:
Basic	$	(0.37	)	$	0.01
Diluted	$	(0.37	)	$	0.01
Weighted average shares outstanding:
Basic	48,022,926			46,435,560
Diluted	48,022,926			49,302,771

Consolidated Statements of Cash Flows

(in thousands)



	Three months ended March 31,
				(unaudited)
	2019			2018
Cash flows from operating activities:
Net income (loss)	$	(17,914	)	$	690
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	7,544			4,288
Restructuring loss	22,176			—
Stock-based compensation expense	3,683			3,640
Amortization of debt issuance costs and discount on debt	190			199
Deferred income taxes	(3,433		)	735
Other, net	242			142
Changes in operating assets and liabilities:
Accounts receivable	4,215			12,771
Inventories	2,561			951
Prepaid expenses and other assets	(1,732		)	(1,498		)
Accounts payable and accrued expenses	(6,021		)	(16,891		)
Other liabilities	(3,295		)	3
Net cash provided by operating activities	8,216			5,030

Cash flows from investing activities:
Purchase of property and equipment	(3,400		)	(2,667		)
Net cash used in investing activities	(3,400		)	(2,667		)

Cash flows from financing activities:
Proceeds from revolving line of credit	—			2,000
Repayment of revolving line of credit	—			(2,000		)
Repayment of long-term debt	(2,063		)	(2,063		)
Cash received from issuance of common stock	115			212
Other, net	(199		)	(97		)
Net cash used in financing activities	(2,147		)	(1,948		)

Net increase in cash and cash equivalents	2,669			415
Cash and cash equivalents - beginning of period	51,205			10,059
Cash and cash equivalents - end of period	$	53,874		$	10,474