Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 23,428 $ 50,910 $ 42,756 $ 103,277
Cost of sales 5,407 10,399 10,631 20,620
Gross profit 18,021 40,511 32,125 82,657
Operating expenses:        
Commissions expense 11,398 22,310 20,896 45,290
Selling, general and administrative expenses 6,627 8,093 13,942 17,215
Total operating expenses 18,025 30,403 34,838 62,505
Income (loss) from operations (4) 10,108 (2,713) 20,152
Other income, net 373 53 805 216
Income (loss) before income taxes 369 10,161 (1,908) 20,368
Income tax provision (benefit) (28) 1,138 (382) 2,521
Net income (loss) $ 397 $ 9,023 $ (1,526) $ 17,847
Net income (loss) per common share:        
Basic (in dollars per share) $ 0.04 $ 0.80 $ (0.14) $ 1.58
Diluted (in dollars per share) $ 0.04 $ 0.80 $ (0.14) $ 1.58
Weighted-average number of common shares outstanding:        
Basic (in shares) 11,082 11,298 11,207 11,292
Diluted (in shares) 11,082 11,305 11,207 11,297