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Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues $ 37,671 $ 40,760 $ 66,036 $ 69,663
Cost of Goods Sold 12,753 11,216 21,817 18,491
Gross Profit 24,918 29,544 44,219 51,172
Operating Expenses        
Depreciation and amortization 1,396 827 2,730 1,668
Research and development 5,923 5,910 10,035 9,674
Selling 8,530 7,983 14,830 13,894
General and administrative 800 1,123 1,720 2,113
Total operating expenses 16,649 15,843 29,315 27,349
Income from Operations 8,269 13,701 14,904 23,823
Other Income        
Interest income 55 30 87 59
Change in fair value of derivative warrant liability 214 2,087 1,591 7,013
Total other income 269 2,117 1,678 7,072
Net Income Before Provision for Income Tax 8,538 15,818 16,582 30,895
Provision for Income Taxes 2,436 3,576 4,357 6,065
Net Income 6,102 12,242 12,225 24,830
Basic Earnings Per Share $ 0.36 $ 0.73 $ 0.72 $ 1.48
Basic Weighted Average Shares Outstanding 16,940,539 16,790,851 16,940,539 16,783,896
Diluted Earnings Per Share $ 0.36 $ 0.73 $ 0.72 $ 1.47
Diluted Weighted Average Shares Outstanding 16,940,539 16,812,810 16,940,539 16,894,775
Other Comprehensive Income        
Foreign currency translation adjustment 2,275 535 3,690 556
Net Income 6,102 12,242 12,225 24,830
Comprehensive Income $ 8,377 $ 12,777 $ 15,915 $ 25,386