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 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales revenue $ 85,441 $ 79,586 $ 257,209 $ 244,711
Cost of sales (21,512) (20,643) (66,610) (63,592)
Gross profit 63,929 58,943 190,599 181,119
Operating expenses:        
Volume incentives 29,684 28,690 90,352 88,630
Selling, general and administrative 29,187 27,115 88,821 80,837
Operating income 5,058 3,138 11,426 11,652
Other income (loss), net 20 (247) 957 (567)
Income before provision for income taxes 5,078 2,891 12,383 11,085
Provision for income taxes 1,136 1,284 4,286 2,880
Net income from continuing operations 3,942 1,607 8,097 8,205
Income from discontinued operations 0 804 0 2,116
Net income 3,942 2,411 8,097 10,321
Net loss attributable to noncontrolling interests (213) (355) (695) (673)
Net income attributable to common shareholders $ 4,155 $ 2,766 $ 8,792 $ 10,994
Basic earnings per share attributable to common shareholders:        
Net income from continuing operations (in dollars per share) $ 0.22 $ 0.09 $ 0.47 $ 0.44
Income (loss) from discontinued operations (in dollars per share) 0.00 0.04 0.00 0.11
Net income attributable to common shareholders (in dollars per share) 0.22 0.15 0.47 0.59
Diluted earnings per share attributable to common shareholders:        
Net income from continuing operations (in dollars per share) 0.22 0.08 0.46 0.43
Income (loss) from discontinued operations (in dollars per share) 0.00 0.04 0.00 0.11
Net income attributable to common shareholders (in dollars per share) $ 0.22 $ 0.15 $ 0.46 $ 0.57
Weighted average basic common shares outstanding (in shares) 18,751 18,688 18,723 18,678
Weighted average diluted common shares outstanding (in shares) 19,255 19,117 18,995 19,193
Dividends declared per common share (in dollars per share) $ 0.10 $ 0.10 $ 0.3 $ 0.3