|
Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2012
|
Mar. 31, 2011
|
| Revenues |
$ 7,994 |
$ 9,074 |
| Cost of goods sold |
4,365 |
4,555 |
| Gross profit |
3,629 |
4,519 |
| Other expenses: |
|
|
| Sales and marketing |
1,242 |
1,062 |
| General and administrative |
1,950 |
1,434 |
| Research and development |
606 |
499 |
| Interest expense, net |
545 |
599 |
| Interest expense - related party |
10 |
17 |
| Amortization of intangible assets |
477 |
402 |
| Change in fair value of contingent consideration |
317 |
|
| Other expenses, net |
4 |
53 |
| Total other expenses |
5,151 |
4,066 |
| Income (loss) before income taxes |
(1,522) |
453 |
| Provision for (benefit from) income taxes |
(533) |
181 |
| Net income (loss) |
(989) |
272 |
| Other comprehensive income, net of tax: |
|
|
| Foreign currency translation adjustments |
183 |
437 |
| Unrealized gain on cash flow hedges, net of taxes of $(7) and $(19), respectively |
9 |
34 |
| Other comprehensive income |
192 |
471 |
| Comprehensive income (loss) |
$ (797) |
$ 743 |
| Net income (loss) per common share: |
|
|
| Basic |
$ (0.05) |
$ 0.02 |
| Diluted |
$ (0.05) |
$ 0.00 |
| Weighted average shares used to compute net income (loss) per common share: |
|
|
| Basic |
18,172,694 |
15,752,302 |
| Diluted |
18,172,694 |
19,545,963 |