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Condensed Consolidated Statements of 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
REVENUES:        
Net sales $ 96,712 $ 83,662 $ 186,561 $ 164,985
Other 9 119 15 280
TOTAL REVENUE 96,721 83,781 186,576 165,265
COST OF GOODS SOLD 46,589 40,020 87,211 78,990
GROSS PROFIT 50,132 43,761 99,365 86,275
OPERATING EXPENSES:        
Selling, general and administrative 22,491 20,318 44,466 40,492
Research and development 3,338 3,122 6,651 7,430
Restructuring and strategic transaction 1,533 0 1,533 0
Legal settlement 0 0 0 7,059
TOTAL OPERATING EXPENSES 27,362 23,440 52,650 54,981
INCOME FROM OPERATIONS 22,770 20,321 46,715 31,294
BARGAIN PURCHASE GAIN 1,110 0 1,110 0
OTHER INCOME, net 77 240 224 766
INCOME BEFORE INCOME TAXES 23,957 20,561 48,049 32,060
PROVISION FOR INCOME TAXES (7,351) (6,991) (13,283) (8,804)
NET INCOME $ 16,606 $ 13,570 $ 34,766 $ 23,256
NET INCOME PER SHARE        
Basic (in dollars per share) $ 1.03 $ 0.86 $ 2.16 $ 1.48
Diluted (in dollars per share) $ 0.98 $ 0.83 $ 2.05 $ 1.43
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 16,091 15,781 16,070 15,738
Diluted (in shares) 17,000 16,352 16,964 16,302