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, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 51,465 $ 80,391 $ 111,339 $ 154,737
Cost of sales 9,793 15,059 21,038 29,339
Gross profit 41,672 65,332 90,301 125,398
Operating expenses:        
Commissions expense 22,075 37,883 48,040 72,969
Selling, general and administrative expenses 6,590 12,431 16,126 23,335
Depreciation and amortization 140 91 276 180
Total operating expenses 28,805 50,405 64,442 96,484
Income from operations 12,867 14,927 25,859 28,914
Other income (expense), net 80 16 236 (8)
Income before income taxes 12,947 14,943 26,095 28,906
Income tax provision 2,644 2,742 5,367 5,425
Net income $ 10,303 $ 12,201 $ 20,728 $ 23,481
Net income per common share:        
Basic (in dollars per share) $ 0.92 $ 1.08 $ 1.84 $ 2.03
Earnings Per Share, Diluted $ 0.91 $ 1.07 $ 1.84 $ 2.03
Weighted-average number of common shares outstanding:        
Basic (in shares) 11,243 11,333 11,236 11,553
Diluted (in shares) 11,274 11,359 11,264 11,579
Cash dividends declared per share:        
Common (in dollars per share) $ 0.45 $ 0.06 $ 0.89 $ 0.11