| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Net revenues | |||||||||
60,660 | 78,563 | 66,801 | - | - | - | - | - | - | - |
Net revenues | |||||||||
- | - | - | 40,227 | 38,889 | 41,796 | 39,426 | 43,376 | 47,266 | - |
Net revenues | |||||||||
- | - | - | - | - | - | - | - | - | 46,204 |
Cost of revenues | |||||||||
31,435 | 39,162 | 32,111 | 19,849 | 20,191 | 21,334 | 20,411 | 24,317 | 24,373 | 24,059 |
Gross margin | |||||||||
29,225 | 39,401 | 34,690 | 20,378 | 18,698 | 20,462 | 19,015 | 19,059 | 22,893 | 22,145 |
Operating expenses: | |||||||||
Selling expense | |||||||||
8,460 | 9,611 | 8,108 | 5,567 | 5,797 | 5,735 | 5,395 | 5,425 | 5,708 | 5,717 |
Engineering and product development expense | |||||||||
4,964 | 4,908 | 4,301 | 3,660 | 3,935 | 3,580 | 3,683 | 3,895 | 3,240 | 3,044 |
General and administrative expense | |||||||||
13,252 | 12,801 | 11,694 | 7,005 | 6,404 | 6,231 | 5,975 | 6,430 | 6,367 | 6,034 |
Adjustment to contingent consideration liability | |||||||||
- | 6,901 | 6,976 | 0 | - | - | - | - | - | - |
Restructuring and other charges | |||||||||
- | - | - | - | - | - | - | 313 | - | - |
Total operating expenses | |||||||||
26,676 | 34,221 | 31,079 | 16,232 | 16,136 | 15,546 | 15,053 | 16,063 | 15,315 | 14,795 |
Operating income (loss) | |||||||||
2,549 | 5,180 | 3,611 | 4,146 | 2,562 | 4,916 | 3,962 | 2,996 | 7,578 | 7,350 |
Other income (expense) | |||||||||
55 | -137 | 227 | 61 | 21 | -7 | 46 | - | - | 50 |
Earnings (loss) before income tax expense (benefit) | |||||||||
2,604 | 5,043 | 3,838 | 4,207 | 2,583 | - | - | - | - | - |
Interest income | |||||||||
- | - | - | - | - | - | - | - | - | 12 |
Interest expense | |||||||||
- | - | - | - | - | - | - | - | - | 64 |
Other income (expense) | |||||||||
- | - | - | - | - | - | - | 57 | 81 | 102 |
Earnings before income tax expense | |||||||||
- | - | - | - | - | 4,909 | 4,008 | 3,053 | 7,659 | 7,400 |
Income tax expense (benefit) | |||||||||
282 | 2,006 | 2,863 | 1,549 | 722 | 1,470 | 931 | 897 | -2,204 | 148 |
Net earnings (loss) | |||||||||
2,322 | 3,037 | 975 | 2,658 | 1,861 | 3,439 | 3,077 | - | - | - |
Net earnings | |||||||||
- | - | - | - | - | - | - | 2,156 | 9,863 | 7,252 |
Net earnings (loss) per common share - basic (in dollars per share) | |||||||||
0.22 | 0.29 | 0.09 | 0.26 | 0.18 | 0.33 | 0.30 | 0.21 | 0.97 | 0.72 |
Weighted average common shares outstanding - basic (in shares) | |||||||||
10,373 | 10,347 | 10,284 | 10,313 | 10,473 | 10,431 | 10,363 | 10,273 | 10,147 | 10,019 |
Net earnings (loss) per common share - diluted (in dollars per share) | |||||||||
0.22 | 0.29 | 0.09 | 0.26 | 0.18 | 0.33 | 0.30 | 0.21 | 0.96 | 0.72 |
Weighted average common shares and common share equivalents outstanding - diluted (in shares) | |||||||||
10,391 | 10,382 | 10,339 | 10,332 | 10,493 | 10,466 | 10,419 | 10,347 | 10,285 | 10,141 |