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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net revenue $ 14,499,000 $ 14,559,000
Cost of sales 9,283,000 9,060,000
Gross profit 5,216,000 5,499,000
Selling, general and administrative expenses 5,056,000 4,932,000
Operating income 160,000 567,000
Other income (51,000) (50,000)
Interest expense 102,000 29,000
Income from continuing operations before income taxes 109,000 588,000
Income tax expense 43,000 215,000
Income from continuing operations 66,000 373,000
Discontinued operations (Note 2)    
Net income from discontinued operations, net of tax of $38,000 and $235,000 for the three-month periods ended March 31, 2016 and 2015, respectively 72,000 408,000
Gain on sale of discontinued operations, net of tax benefit of $141,000 12,185,000 0
Discontinued operations, net of tax 12,257,000 408,000
Net income $ 12,323,000 $ 781,000
Basic earnings per share    
Continuing operations (in dollars per share) $ 0.02 $ 0.11
Discontinued operations (in dollars per share) 3.40 0.11
Net income (in dollars per share) 3.42 0.22
Diluted earnings per share    
Continuing operations (in dollars per share) 0.02 0.10
Discontinued operations (in dollars per share) 3.24 0.11
Net income (in dollars per share) $ 3.26 $ 0.21
Weighted average common shares outstanding    
Basic (in shares) 3,601,000 3,589,000
Diluted (in shares) 3,778,000 3,746,000
Net income $ 12,323,000 $ 781,000
Other comprehensive loss - foreign currency translation adjustment (70,000) (108,000)
Total comprehensive income $ 12,253,000 $ 673,000