Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Net sales from external customers $ 124,590us-gaap_SalesRevenueGoodsNet $ 52,527us-gaap_SalesRevenueGoodsNet
Cost of sales 26,981us-gaap_CostOfGoodsSold 12,551us-gaap_CostOfGoodsSold
Gross profit 97,609us-gaap_GrossProfit 39,976us-gaap_GrossProfit
Operating expenses:    
Distributor commissions 56,997us-gaap_SalesCommissionsAndFees 24,053us-gaap_SalesCommissionsAndFees
Selling, general and administrative expenses (including stock-based compensation expense of $110 and $49 during 2013 and 2014, respectively) 19,687us-gaap_SellingGeneralAndAdministrativeExpense 11,634us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization 105us-gaap_DepreciationDepletionAndAmortization 66us-gaap_DepreciationDepletionAndAmortization
Total operating expenses 76,789us-gaap_OperatingExpenses 35,753us-gaap_OperatingExpenses
Income from operations 20,820us-gaap_OperatingIncomeLoss 4,223us-gaap_OperatingIncomeLoss
Other expense, net (184)us-gaap_OtherNonoperatingIncomeExpense (32)us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes 20,636us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 4,191us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax provision 266us-gaap_IncomeTaxExpenseBenefit 102us-gaap_IncomeTaxExpenseBenefit
Net income 20,370us-gaap_NetIncomeLoss 4,089us-gaap_NetIncomeLoss
Preferred stock dividends (10)us-gaap_DividendsPreferredStock (15)us-gaap_DividendsPreferredStock
Net income available to common stockholders $ 20,360us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 4,074us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Income per common share:    
Basic (in dollars per share) $ 1.67us-gaap_EarningsPerShareBasic $ 0.36us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 1.61us-gaap_EarningsPerShareDiluted $ 0.36us-gaap_EarningsPerShareDiluted
Weighted-average number of common shares outstanding:    
Basic (in shares) 12,131us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 11,154us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 12,600us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 11,331us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding