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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales:        
Net sales $ 105,863 $ 124,577 $ 341,675 $ 349,309
Cost of sales:        
Depreciation and amortization 2,597 2,245 7,584 6,564
Total cost of sales 69,711 76,137 221,604 221,040
Gross profit 36,152 48,440 120,071 128,269
Operating expenses:        
Selling, general and administrative (exclusive of depreciation and amortization shown below) 21,783 23,403 64,734 67,335
Depreciation and amortization 1,408 1,592 4,286 4,454
Total operating expenses 23,191 24,995 69,020 71,789
Income from operations 12,961 23,445 51,051 56,480
Other expense, net:        
Interest, net (6,714) (7,323) (20,235) (22,334)
Other expense, net (53) (63) (245) (474)
Total other expense, net (6,767) (7,386) (20,480) (22,808)
Income before income taxes 6,194 16,059 30,571 33,672
Income tax expense (2,337) (4,149) (9,318) (9,609)
Net income $ 3,857 $ 11,910 $ 21,253 $ 24,063
Basic earnings per share: (in dollars per share) $ 0.34 $ 1.06 $ 1.86 $ 2.14
Diluted earnings per share: (in dollars per share) $ 0.33 $ 1.01 $ 1.79 $ 2.05
Basic weighted-average shares outstanding (in shares) 11,432,794 11,265,767 11,418,372 11,259,655
Diluted weighted-average shares outstanding (in shares) 11,827,816 11,788,921 11,861,868 11,730,668
Comprehensive income:        
Net income $ 3,857 $ 11,910 $ 21,253 $ 24,063
Total comprehensive income 3,857 11,910 21,253 24,063
Products        
Net sales:        
Net sales 55,689 71,606 195,425 208,867
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) 37,540 42,702 124,828 128,851
Services        
Net sales:        
Net sales 50,174 52,971 146,250 140,442
Cost of sales:        
Products and Services (exclusive of depreciation and amortization shown below) $ 29,574 $ 31,190 $ 89,192 $ 85,625