XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues $ 24,316 $ 27,331 $ 77,999 $ 82,917
Cost of products sold 17,217 19,118 55,112 57,955
Gross margin 7,099 8,213 22,887 24,962
Operating costs and expenses:        
Selling 1,143 1,320 3,798 4,271
General and administrative 2,474 3,030 8,305 9,390
Engineering and development 1,454 1,417 4,570 4,501
Amortization of intangible assets 126 185 466 552
Total operating expenses 5,197 5,952 17,139 18,714
Operating income 1,902 2,261 5,748 6,248
Other (income) expense, net:        
Interest expense 2 21 12 68
Other (income), net (42) 78 (338) 56
Total other (income) expense, net (40) 99 (326) 124
Income before income taxes 1,942 2,162 6,074 6,124
Provision for income taxes (621) (605) (1,778) (1,873)
Net income 1,321 1,557 4,296 4,251
Earnings per share (in dollars per share) $ 0.15 $ 0.18 $ 0.50 $ 0.51
Basic weighted average common shares (in shares) 8,673 8,497 8,637 8,415
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.15 $ 0.18 $ 0.50 $ 0.50
Diluted weighted average common shares (in shares) 8,673 8,511 8,637 8,564
Other comprehensive income, net of tax:        
Foreign currency translation adjustment 305 (836) (135) 45
Comprehensive income $ 1,626 $ 721 $ 4,161 $ 4,296