v3.19.3
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net sales $ 138,045 $ 135,837 $ 428,738 $ 369,322
Cost of sales 85,926 84,102 263,884 229,567
Gross profit 52,119 51,735 164,854 139,755
Selling, engineering and administrative expenses 24,066 25,440 75,531 69,078
Restructuring charges 1,724   1,724  
Amortization of intangible assets 4,478 7,049 13,544 17,174
Loss on disposal of intangible asset 2,713   2,713  
Operating income 19,138 19,246 71,342 53,503
Interest expense, net 3,790 4,622 12,223 9,256
Foreign currency transaction loss (gain), net 30 (42) 92 3,770
Miscellaneous (income) expense, net (72) 141 (122) 185
Change in fair value of contingent consideration (72) 275 703 928
Income before income taxes 15,462 14,250 58,446 39,364
Income tax provision 2,671 2,651 11,986 9,058
Net income $ 12,791 $ 11,599 $ 46,460 $ 30,306
Basic and diluted net income per common share $ 0.40 $ 0.36 $ 1.45 $ 0.97
Basic and diluted weighted average shares outstanding 32,027 31,843 32,006 31,093
Dividends declared per share $ 0.09 $ 0.09 $ 0.27 $ 0.27

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