XML 72 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
SALES      
Product $ 238,841 $ 227,905 $ 212,635
Service 52,943 45,490 41,529
Total Sales 291,784 273,395 254,164
COST OF SALES      
Product 97,630 94,103 82,408
Service 32,261 29,673 28,067
Total Cost of Sales (exclusive of depreciation and amortization, shown separately below) 129,891 123,776 110,475
GROSS PROFIT 161,893 149,619 143,689
OPERATING EXPENSES:      
Selling 71,689 64,446 62,117
General and administrative 30,600 29,065 26,806
Depreciation and amortization 7,038 6,976 6,712
Research and development 22,412 17,578 15,196
Total operating expenses 131,739 118,065 110,831
INCOME FROM OPERATIONS 30,154 31,554 32,858
OTHER (INCOME) EXPENSE      
Interest income (74) (160) (101)
Other expense, net 1,357 744 1,217
Interest expense 9 28 37
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 28,862 30,942 31,705
INCOME TAX EXPENSE 7,353 7,944 8,328
NET INCOME $ 21,509 $ 22,998 $ 23,377
NET INCOME PER SHARE - BASIC $ 1.26 $ 1.36 $ 1.42
NET INCOME PER SHARE - DILUTED $ 1.25 $ 1.34 $ 1.39
Weighted average shares - Basic 17,087,104 16,910,830 16,503,773
Weighted average shares - Diluted 17,241,115 17,129,128 16,868,471