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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Net sales | $ 40,709us-gaap_SalesRevenueGoodsNet | $ 23,162us-gaap_SalesRevenueGoodsNet |
| Cost of sales | 8,930us-gaap_CostOfGoodsSold | 5,252us-gaap_CostOfGoodsSold |
| Gross profit | 31,779us-gaap_GrossProfit | 17,910us-gaap_GrossProfit |
| Operating expenses: | ||
| Distributor commissions | 18,397us-gaap_SalesCommissionsAndFees | 10,423us-gaap_SalesCommissionsAndFees |
| Selling, general and administrative expenses (including stock-based compensation expense of $25 and $15 during the three months ended March 31, 2014 and 2015, respectively) | 6,423us-gaap_SellingGeneralAndAdministrativeExpense | 4,347us-gaap_SellingGeneralAndAdministrativeExpense |
| Depreciation and amortization | 41us-gaap_DepreciationDepletionAndAmortization | 21us-gaap_DepreciationDepletionAndAmortization |
| Total operating expenses | 24,861us-gaap_OperatingExpenses | 14,791us-gaap_OperatingExpenses |
| Income from operations | 6,918us-gaap_OperatingIncomeLoss | 3,119us-gaap_OperatingIncomeLoss |
| Other expense, net | (109)us-gaap_OtherNonoperatingIncomeExpense | (9)us-gaap_OtherNonoperatingIncomeExpense |
| Income before income taxes | 6,809us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 3,110us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax provision | 71us-gaap_IncomeTaxExpenseBenefit | 39us-gaap_IncomeTaxExpenseBenefit |
| Net income | 6,738us-gaap_NetIncomeLoss | 3,071us-gaap_NetIncomeLoss |
| Preferred stock dividends | (4)us-gaap_DividendsPreferredStock | |
| Net income available to common stockholders | $ 6,738us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 3,067us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Income per common share: | ||
| Basic (in dollars per share) | $ 0.54us-gaap_EarningsPerShareBasic | $ 0.27us-gaap_EarningsPerShareBasic |
| Diluted (in dollars per share) | $ 0.54us-gaap_EarningsPerShareDiluted | $ 0.26us-gaap_EarningsPerShareDiluted |
| Common (in dollars per share) | $ 0.02us-gaap_CommonStockDividendsPerShareDeclared | $ 0.005us-gaap_CommonStockDividendsPerShareDeclared |
| Series A preferred stock (in dollars per share) | $ 0.815us-gaap_PreferredStockDividendsPerShareDeclared | |
| Weighted-average number of common shares outstanding: | ||
| Basic (in shares) | 12,453us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 11,361us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted (in shares) | 12,548us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 11,673us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of preferred stock outstanding. No definition available.
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- Definition
Primarily represents commissions incurred in the period based upon the sale by commissioned employees or third parties of the entity's goods or services, and fees for sales assistance or product enhancements performed by third parties (such as a distributor or value added reseller). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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