| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||
371,084 | 310,611 | 252,012 | 245,893 | - | - | - | - | - | - |
Cost of goods sold | |||||||||
258,500 | 219,208 | 176,333 | 172,889 | - | - | - | - | - | - |
Revenues | |||||||||
- | - | - | - | 232,434 | 249,682 | 125,502 | 101,968 | 110,941 | 80,591 |
Cost of goods sold | |||||||||
- | - | - | - | 163,662 | 176,256 | 88,980 | 72,328 | 77,410 | 57,899 |
Gross profit | |||||||||
112,584 | 91,403 | 75,679 | 73,004 | 68,772 | 73,426 | 36,522 | 29,640 | 33,531 | 22,692 |
Operating costs and expenses: | |||||||||
Selling | |||||||||
16,536 | 11,807 | 10,979 | 9,986 | 8,149 | 8,709 | 5,513 | 5,093 | 5,626 | 3,872 |
General and administrative | |||||||||
37,688 | 32,037 | 24,926 | 24,333 | 22,251 | 23,972 | 13,282 | 10,643 | 12,639 | 9,938 |
Engineering and development | |||||||||
23,086 | 19,913 | 17,542 | 16,170 | 14,229 | 13,881 | 7,931 | 6,060 | 5,983 | 4,044 |
Business development | |||||||||
113 | 762 | 213 | 428 | 569 | - | 1,913 | 24 | - | - |
Adjustment to contingent consideration | |||||||||
- | - | - | - | - | - | - | - | 1,101 | - |
Amortization of intangible assets | |||||||||
5,718 | 3,655 | 3,219 | 3,204 | 2,644 | 2,714 | 825 | 548 | 732 | 551 |
Insurance recoveries | |||||||||
- | - | - | - | - | - | - | - | - | 685 |
Total operating costs and expenses | |||||||||
83,141 | 68,174 | 56,879 | 54,121 | 47,842 | 49,276 | 29,464 | 22,368 | 23,879 | 17,720 |
Operating income | |||||||||
29,443 | 23,229 | 18,800 | 18,883 | 20,930 | 24,150 | 7,058 | 7,272 | 9,652 | 4,972 |
Other expense (income): | |||||||||
Interest expense | |||||||||
5,134 | 2,701 | 2,474 | 6,449 | 6,023 | 6,435 | 1,445 | 13 | 84 | 3 |
Other expense (income), net | |||||||||
-468 | 153 | -190 | 369 | 514 | 908 | 168 | 239 | -49 | 197 |
Total other expense, net | |||||||||
-5,602 | -2,548 | -2,664 | -6,080 | -5,509 | -5,527 | -1,277 | 226 | -133 | 194 |
Income before income taxes | |||||||||
23,841 | 20,681 | 16,136 | 12,803 | 15,421 | 18,623 | 5,781 | - | - | - |
Income before income taxes | |||||||||
- | - | - | - | - | - | - | 7,498 | 9,519 | 5,166 |
Provision for income taxes | |||||||||
6,819 | 4,756 | 8,100 | 3,725 | 4,347 | 4,763 | 1,828 | 2,101 | 2,552 | 1,581 |
Net income | |||||||||
17,022 | 15,925 | 8,036 | 9,078 | 11,074 | 13,860 | 3,953 | 5,397 | 6,967 | 3,585 |
Basic earnings per share: | |||||||||
Earnings per share (in dollars per share) | |||||||||
1.81 | 1.72 | 0.88 | 1.01 | 1.20 | 1.52 | 0.45 | 0.63 | 0.83 | 0.45 |
Basic weighted average common shares (in shares) | |||||||||
9,398 | 9,265 | 9,153 | 9,011 | 9,228 | 9,145 | 8,833 | 8,616 | 8,437 | 7,891 |
Diluted earnings per share: | |||||||||
Earnings per share (in dollars per share) | |||||||||
1.80 | 1.70 | 0.87 | 1.00 | 1.20 | 1.51 | 0.45 | 0.63 | 0.81 | 0.45 |
Diluted weighted average common shares (in shares) | |||||||||
9,461 | 9,370 | 9,275 | 9,105 | 9,238 | 9,165 | 8,840 | 8,616 | 8,575 | 8,038 |
Net income | |||||||||
17,022 | 15,925 | 8,036 | 9,078 | 11,074 | 13,860 | 3,953 | 5,397 | 6,967 | 3,585 |
Other comprehensive income: | |||||||||
Foreign currency translation adjustment | |||||||||
-680 | -3,109 | 6,314 | -1,989 | -4,334 | -5,601 | 652 | 624 | -559 | - |
Income (loss) on derivatives | |||||||||
-711 | 238 | 226 | - | - | - | - | - | - | - |
Change in accumulated income (loss) on derivatives | |||||||||
- | - | - | -3 | -25 | -43 | 41 | - | - | - |
Pension adjustments | |||||||||
622 | 61 | 123 | 134 | -165 | 663 | -854 | 331 | 786 | - |
Comprehensive income | |||||||||
15,009 | 12,993 | 14,453 | 6,952 | 6,880 | 7,553 | 5,500 | 5,690 | 5,622 | - |