v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
NET SALES $ 125,614 $ 147,486 $ 335,881 $ 476,549
COST OF GOODS SOLD 79,076 95,556 208,012 308,042
GROSS MARGIN 46,538 51,930 127,869 168,507
OPERATING EXPENSES 32,259 40,305 107,233 138,089
INCOME FROM OPERATIONS 14,279 11,625 20,636 30,418
INTEREST EXPENSE AND OTHER – net (5,649) (4,181) (15,943) (12,411)
INCOME BEFORE INCOME TAX EXPENSE 8,630 7,444 4,693 18,007
INCOME TAX EXPENSE 1,803 1,753 980 4,057
NET INCOME $ 6,827 $ 5,691 $ 3,713 $ 13,950
INCOME PER SHARE        
Basic (in dollars per share) $ 0.93 $ 0.78 $ 0.5 $ 1.91
Diluted (in dollars per share) $ 0.93 $ 0.77 $ 0.5 $ 1.89
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING        
Basic (in shares) 7,366 7,319 7,355 7,313
Diluted (in shares) [1] 7,375 7,349 7,374 7,382
[1] Due to a loss for the six months ended June 30, 2023, zero dilutive stock options are included for the period because the effect would be antidilutive.

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