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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME        
Revenues $ 65,835 $ 60,479 $ 129,510 $ 120,059
Cost of goods sold 46,222 42,492 91,620 84,572
Gross margin 19,613 17,987 37,890 35,487
Operating costs and expenses:        
Selling 2,635 2,063 5,059 4,271
General and administrative 5,878 5,822 12,287 11,375
Engineering and development 4,174 3,707 8,224 7,153
Business development 135   218  
Amortization of intangible assets 828 660 1,607 1,322
Total operating costs and expenses 13,650 12,252 27,395 24,121
Operating income 5,963 5,735 10,495 11,366
Other expense (income):        
Interest expense 1,590 1,511 3,122 3,026
Other expense, net (130) (19) (115) (285)
Total other expense, net 1,460 1,492 3,007 2,741
Income before income taxes 4,503 4,243 7,488 8,625
Provision for income taxes (1,561) (1,118) (2,419) (2,524)
Net income $ 2,942 $ 3,125 $ 5,069 $ 6,101
Basic earnings per share:        
Earnings per share (in dollars per share) $ 0.31 $ 0.34 $ 0.54 $ 0.66
Basic weighted average common shares (in shares) 9,343 9,264 9,312 9,225
Diluted earnings per share:        
Earnings per share (in dollars per share) $ 0.31 $ 0.34 $ 0.54 $ 0.66
Diluted weighted average common shares (in shares) 9,343 9,264 9,312 9,225
Net income $ 2,942 $ 3,125 $ 5,069 $ 6,101
Foreign currency translation adjustment (1,066) 917 963 (3,562)
Change in accumulated (loss) income on derivatives (17) 41 (122) (59)
Comprehensive income (loss) $ 1,859 $ 4,083 $ 5,910 $ 2,480