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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES:        
Net sales $ 85,891 $ 77,329 $ 250,876 $ 228,997
Other 125 128 405 367
TOTAL REVENUE 86,016 77,457 251,281 229,364
COST OF GOODS SOLD 39,751 39,310 118,741 117,648
Gross profit 46,265 38,147 132,540 111,716
OPERATING EXPENSES:        
Selling, general and administrative 20,206 21,843 60,698 68,640
Research and development 4,227 5,055 11,657 13,252
Restructuring and strategic transaction 3,411 2,840 3,411 2,840
Gain on sale of building 1,086 0 1,086 0
Legal settlements (5,261) 0 1,798 0
Total operating expenses 21,497 29,738 76,478 84,732
Income from operations 24,768 8,409 56,062 26,984
OTHER INCOME 230 155 996 572
Income before income taxes 24,998 8,564 57,058 27,556
PROVISION FOR INCOME TAXES (8,732) (2,136) (17,536) (8,593)
NET INCOME $ 16,266 $ 6,428 $ 39,522 $ 18,963
NET INCOME PER SHARE        
Basic (in dollars per share) $ 1.02 $ 0.42 $ 2.50 $ 1.25
Diluted (in dollars per share) $ 0.98 $ 0.42 $ 2.41 $ 1.22
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 15,894 15,319 15,790 15,220
Diluted (in shares) 16,575 15,488 16,409 15,497