Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Revenue | $ 66,893 | $ 79,375 | $ 175,939 | $ 207,880 |
| Revenues – related parties | 2,413 | 27,679 | 7,881 | 57,859 |
| Cost of goods sold | 54,170 | 96,977 | 144,446 | 232,187 |
| Cost of goods sold – related parties | 3,384 | 959 | 6,819 | 3,766 |
| Distribution | 1,306 | 320 | 2,871 | 1,954 |
| Distribution – related parties | 127 | 123 | 340 | 299 |
| Gross profit | 10,319 | 8,675 | 29,344 | 27,533 |
| Selling, general, and administrative expenses | ||||
| Compensation expense | 1,228 | 1,346 | 3,671 | 3,558 |
| Other expense | 505 | 619 | 1,668 | 1,800 |
| Related party expense | 57 | 39 | 146 | 165 |
| Research and development expenses | 688 | 738 | 2,113 | 2,123 |
| Total expenses | 2,478 | 2,742 | 7,598 | 7,646 |
| Income from operations | 7,841 | 5,933 | 21,746 | 19,887 |
| Interest and dividend income | 1,637 | 1,336 | 4,446 | 4,008 |
| Interest expense | (45) | (42) | (130) | (91) |
| Gain/(loss) on marketable securities | (322) | (269) | (727) | 1,202 |
| Other Income/(expense) | (111) | (48) | (331) | (170) |
| Total other income/(expense) | 1,159 | 977 | 3,258 | 4,949 |
| Income before income taxes | 9,000 | 6,910 | 25,004 | 24,836 |
| (Benefit)/provision for income taxes | (3,868) | 2,060 | (12,657) | 8,062 |
| Net income | $ 12,868 | $ 4,850 | $ 37,661 | $ 16,774 |
| Earnings per common share | ||||
| Earnings per common share, basic (in dollars per share) | $ 0.29 | $ 0.11 | $ 0.86 | $ 0.38 |
| Earnings per common share, diluted (in dollars per share) | $ 0.29 | $ 0.11 | $ 0.86 | $ 0.38 |
| Weighted average shares outstanding | ||||
| Weighted average shares outstanding, basic (in shares) | 43,570,734 | 43,460,449 | 43,524,729 | 43,418,243 |
| Weighted average shares outstanding, diluted (in shares) | 43,572,997 | 43,461,286 | 43,529,423 | 43,424,423 |
| Comprehensive Income | ||||
| Net income | $ 12,868 | $ 4,850 | $ 37,661 | $ 16,774 |
| Other comprehensive income/(loss) from unrealized net gains/(losses) on available-for-sale securities | 1,714 | (2,081) | 3,741 | (5,138) |
| Income tax effect | (832) | 799 | (1,542) | 1,973 |
| Total unrealized gains/(losses), net of tax | 882 | (1,282) | 2,199 | (3,165) |
| Comprehensive income | $ 13,750 | $ 3,568 | $ 39,860 | $ 13,609 |