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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales:        
Net Sales $ 71,378 $ 66,901 $ 145,347 $ 133,767
Cost of sales:        
Depreciation and amortization 2,649 2,775 5,342 5,465
Total cost of sales 48,226 44,520 96,485 89,865
Gross profit 23,152 22,381 48,862 43,902
Operating expenses, net:        
Selling, general and administrative (exclusive of depreciation and amortization shown below) 19,141 16,792 35,683 33,210
Depreciation and amortization 1,505 1,493 2,990 3,026
Litigation settlement gain   (6,000)   (6,000)
Total operating expenses, net 20,646 12,285 38,673 30,236
Income from operations 2,506 10,096 10,189 13,666
Other expense, net:        
Interest, net (6,772) (6,438) (12,860) (12,762)
Foreign currency (loss) (25) (1,321) (33) (1,280)
Other (expense) income, net (7) (8) (94) 11
Total other expense, net (6,804) (7,767) (12,987) (14,031)
(Loss) income from continuing operations before income taxes (4,298) 2,329 (2,798) (365)
Income tax benefit (expense) 4,414 (777) 5,357 (1,180)
Net income (loss) from continuing operations 116 1,552 2,559 (1,545)
Net (loss) income from discontinued operation, net of tax (Note 3) (4) (30) (30) 12
Net income (loss) $ 112 $ 1,522 $ 2,529 $ (1,533)
Basic net income (loss) per share from continuing operations (in dollar per share) $ 0.01 $ 0.14 $ 0.23 $ (0.14)
Diluted net income (loss) per share from continuing operations (in dollar per share) 0.01 0.14 0.23 (0.14)
Basic net income (loss) per share (in dollar per share) 0.01 0.14 0.23 (0.14)
Diluted net income (loss) per share (in dollar per share) $ 0.01 $ 0.14 $ 0.22 $ (0.14)
Basic weighted-average shares outstanding (in shares) 11,229,819 11,178,462 11,227,160 11,169,468
Diluted weighted-average shares outstanding (in shares) 11,233,852 11,242,225 11,242,272 11,169,468
Comprehensive income (loss):        
Net income (loss) $ 112 $ 1,522 $ 2,529 $ (1,533)
Currency translation adjustment       31
Reclassification adjustment to foreign currency loss   1,329   1,329
Total comprehensive income (loss) 112 2,851 2,529 (173)
Products        
Net sales:        
Net Sales 39,077 33,125 81,578 65,882
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) 25,911 22,098 52,290 43,587
Services        
Net sales:        
Net Sales 32,301 33,776 63,769 67,885
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) $ 19,666 $ 19,647 $ 38,853 $ 40,813