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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales:        
Net Sales $ 113,308 $ 93,219 $ 224,732 $ 182,311
Cost of sales:        
Depreciation and amortization 2,124 2,264 4,319 4,680
Total cost of sales 72,757 56,131 144,903 109,502
Gross profit 40,551 37,088 79,829 72,809
Operating expenses:        
Selling, general and administrative (exclusive of depreciation and amortization shown below) 24,050 19,748 43,932 35,894
Depreciation and amortization 1,447 1,553 2,862 3,359
Total operating expenses 25,497 21,301 46,794 39,253
Income from operations 15,054 15,787 33,035 33,556
Other expense, net:        
Interest, net (7,146) (7,037) (15,011) (16,013)
Other (expense) income, net (15) 4 (16) 29
Loss on debt extinguishment     (395) (5,048)
Total other expense, net (7,161) (7,033) (15,422) (21,032)
Income before income taxes 7,893 8,754 17,613 12,524
Income tax expense (1,742) (2,522) (5,460) (3,882)
Net income $ 6,151 $ 6,232 $ 12,153 $ 8,642
Basic earnings per share: (in dollar per share) $ 0.55 $ 0.55 $ 1.08 $ 0.77
Diluted earnings per share: (in dollar per share) $ 0.52 $ 0.53 $ 1.04 $ 0.74
Basic weighted-average shares outstanding (in shares) 11,257,733 11,233,002 11,256,600 11,231,742
Diluted weighted-average shares outstanding (in shares) 11,721,744 11,762,481 11,718,836 11,720,148
Comprehensive income:        
Net income $ 6,151 $ 6,232 $ 12,153 $ 8,642
Total comprehensive income 6,151 6,232 12,153 8,642
Products        
Net sales:        
Net Sales 68,945 47,156 137,261 94,169
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) 43,055 27,928 86,149 55,215
Services        
Net sales:        
Net Sales 44,363 46,063 87,471 88,142
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) $ 27,578 $ 25,939 $ 54,435 $ 49,607