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CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net Sales $ 6,159 $ 6,213 $ 17,019 $ 16,631
Cost of goods sold 2,990 2,822 8,270 7,723
Gross margin 3,169 3,391 8,749 8,908
Operating expenses:        
Research and development 1,188 1,217 3,530 3,539
Selling, general and administrative 1,505 1,444 4,457 4,588
Provision for business restructuring 0 0 0 13
Total operating expenses 2,693 2,661 7,987 8,140
Operating income (loss) 476 730 762 768
Non-operating income (expense):        
Interest income 30 50 88 122
Foreign currency transaction gain (loss) (50) (139) (237) (113)
Total non-operating income (expense) (20) (89) (149) 9
Income before income taxes 456 641 613 777
Income tax (expense) benefit (17) 5 (24) (27)
Net income $ 439 $ 646 $ 589 $ 750
Basic earnings per share $ 0.06 $ 0.08 $ 0.07 $ 0.10
Diluted earnings per share $ .05 $ 0.08 $ 0.07 $ 0.09
Weighted-average basic shares 7,930 7,846 7,896 7,816
Weighted-average diluted shares 8,042 7,980 8,055 7,922