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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues $ 16,409 $ 18,631 $ 28,329 $ 37,745
Cost of revenues 8,676 10,486 15,198 21,656
Gross margin 7,733 8,145 13,131 16,089
Research and development expenses 1,995 2,110 3,945 4,140
Selling, general and administrative expenses 4,058 4,031 8,028 7,537
Amortization of intangibles 18 17 35 34
Income from operations 1,662 1,987 1,123 4,378
Interest income and other (28) 98 (116) 13
Income before income taxes 1,634 2,085 1,007 4,391
Income tax provision 539 44 126 87
Net income $ 1,095 $ 2,041 $ 881 $ 4,304
Net income per share – Basic $ 0.16 $ 0.30 $ 0.13 $ 0.63
Net income per share – Diluted $ 0.15 $ 0.29 $ 0.12 $ 0.62
Weighted average shares outstanding – Basic 6,944 6,803 6,928 6,790
Weighted average shares outstanding – Diluted 7,253 7,051 7,083 6,943