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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Net sales $ 97,098 $ 85,891 $ 283,659 $ 250,876
Other 10 125 25 405
TOTAL REVENUE 97,108 86,016 283,684 251,281
COST OF GOODS SOLD 45,835 39,751 133,046 118,741
GROSS PROFIT 51,273 46,265 150,638 132,540
OPERATING EXPENSES:        
Selling, general and administrative 22,362 20,206 66,828 60,698
Research and development 3,650 4,227 10,301 11,657
Restructuring and strategic transaction 2,806 3,411 4,339 3,411
Gain on sale of building   (1,086) 0 (1,086)
Legal settlement 0 (5,261) 0 1,798
TOTAL OPERATING EXPENSES 28,818 21,497 81,468 76,478
INCOME FROM OPERATIONS 22,455 24,768 69,170 56,062
BARGAIN PURCHASE GAIN 346 0 1,456 0
OTHER INCOME, net 225 230 449 996
INCOME BEFORE INCOME TAXES 23,026 24,998 71,075 57,058
PROVISION FOR INCOME TAXES (4,220) (8,732) (17,503) (17,536)
NET INCOME $ 18,806 $ 16,266 $ 53,572 $ 39,522
NET INCOME PER SHARE        
Basic (in dollars per share) $ 1.16 $ 1.02 $ 3.32 $ 2.50
Diluted (in dollars per share) $ 1.09 $ 0.98 $ 3.13 $ 2.41
WEIGHTED AVERAGE NUMBER OF SHARES        
Basic (in shares) 16,200 15,894 16,113 15,790
Diluted (in shares) 17,286 16,575 17,100 16,409