Consolidated Statements of Operations - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Revenues |
$ 234,630
|
$ 302,748
|
$ 435,499
|
| Revenues – related parties |
64,981
|
39,090
|
9,420
|
| Cost of goods sold |
233,063
|
213,172
|
289,828
|
| Cost of goods sold – related parties |
6,662
|
58,822
|
50,635
|
| Distribution |
2,435
|
3,536
|
3,899
|
| Distribution - related parties |
405
|
335
|
392
|
| Gross profit |
57,046
|
65,973
|
100,165
|
| Selling, general, and administrative expenses |
|
|
|
| Compensation expense |
4,955
|
4,268
|
3,647
|
| Other expense |
2,164
|
2,195
|
2,421
|
| Related party expense |
215
|
214
|
399
|
| Research and development expenses |
2,741
|
3,168
|
3,444
|
| Operating earnings |
10,075
|
9,845
|
9,911
|
| Income from operations |
46,971
|
56,128
|
90,254
|
| Interest and dividend income |
5,106
|
6,877
|
5,875
|
| Interest expense |
(134)
|
(25)
|
(24)
|
| Gain on marketable securities |
107
|
4,335
|
1,646
|
| Other income (expense) |
(181)
|
30
|
(400)
|
| Other income |
4,898
|
11,217
|
7,097
|
| Income before income taxes |
51,869
|
67,345
|
97,351
|
| Provision for income taxes |
5,448
|
14,145
|
23,317
|
| Net income |
$ 46,421
|
$ 53,200
|
$ 74,034
|
| Earnings per common share: |
|
|
|
| Basic (in Dollars per share) |
$ 1.06
|
$ 1.22
|
$ 1.71
|
| Diluted (in Dollars per share) |
$ 1.06
|
$ 1.22
|
$ 1.71
|
| Weighted average shares outstanding: |
|
|
|
| Basic (in Shares) |
43,432,149
|
43,357,602
|
43,237,513
|
| Diluted (in Shares) |
43,445,730
|
43,392,011
|
43,276,931
|
| Net income |
$ 46,421
|
$ 53,200
|
$ 74,034
|
| Other comprehensive income (loss) – unrealized gains (losses) on marketable securities, net of tax benefit of ($1,314) in 2015 and ($1,980) in 2014, and net of tax of $3,018 in 2013 |
(2,204)
|
(3,177)
|
4,839
|
| Comprehensive income |
$ 44,217
|
$ 50,023
|
$ 78,873
|