Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales revenue $ 89,366 $ 81,247 $ 171,768 $ 165,125
Cost of sales (23,078) (21,068) (45,098) (42,949)
Gross profit 66,288 60,179 126,670 122,176
Operating expenses:        
Volume incentives 30,791 29,603 60,668 59,940
Selling, general and administrative 31,249 27,392 59,634 53,722
Operating income 4,248 3,184 6,368 8,514
Other income (loss), net (622) (2) 937 (320)
Income before provision for income taxes 3,626 3,182 7,305 8,194
Provision for income taxes 1,260 787 3,150 1,596
Net income from continuing operations 2,366 2,395 4,155 6,598
Income from discontinued operations 0 0 0 1,312
Net income 2,366 2,395 4,155 7,910
Net loss attributable to noncontrolling interests (202) (166) (482) (318)
Net income attributable to common shareholders $ 2,568 $ 2,561 $ 4,637 $ 8,228
Basic earnings per share attributable to common shareholders:        
Net income from continuing operations (in dollars per share) $ 0.14 $ 0.13 $ 0.25 $ 0.35
Income (loss) from discontinued operations (in dollars per share) 0.00 0.00 0.00 0.07
Net income attributable to common shareholders (in dollars per share) 0.14 0.14 0.25 0.44
Diluted earnings per share attributable to common shareholders:        
Net income from continuing operations (in dollars per share) 0.14 0.12 0.24 0.34
Income (loss) from discontinued operations (in dollars per share) 0.00 0.00 0.00 0.07
Net income attributable to common shareholders (in dollars per share) $ 0.14 $ 0.13 $ 0.24 $ 0.43
Weighted average basic common shares outstanding (in shares) 18,723 18,720 18,708 18,671
Weighted average diluted common shares outstanding (in shares) 18,940 19,244 18,946 19,157
Dividends declared per common share (in dollars per share) $ 0.10 $ 0.10 $ 0.2 $ 0.2