Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (unaudited)

v3.8.0.1
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Income Statement [Abstract]        
Net sales $ 88,001 $ 45,232 $ 258,689 $ 147,069
Cost of sales 51,707 29,692 151,018 93,035
Gross profit 36,294 15,540 107,671 54,034
Selling, engineering and administrative expenses 16,854 8,174 47,398 24,036
Amortization of intangible assets 2,038 123 6,386 425
Operating income 17,402 7,243 53,887 29,573
Interest expense (income), net 1,121 (298) 2,710 (1,056)
Foreign currency transaction gain, net (24) (46) (64) (311)
Miscellaneous (income) expense, net (337) 30 365 594
Change in fair value of contingent consideration 664 0 8,855 0
Income before income taxes 15,978 7,557 42,021 30,346
Income tax provision 4,683 2,568 13,231 10,160
Net income $ 11,295 $ 4,989 $ 28,790 $ 20,186
Basic and diluted net income per common share $ 0.42 $ 0.19 $ 1.07 $ 0.75
Basic and diluted weighted average shares outstanding 27,059 26,923 27,017 26,879
Dividends declared per share $ 0.09 $ 0.09 $ 0.29 $ 0.31