Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.20.4
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statements of Earnings    
Net sales $ 251,568 $ 208,759
Cost of sales 218,528 178,792
Gross profit 33,040 29,967
Selling, general, and administrative expenses 23,929 20,894
Legal and financial advisory expenses - unsolicited bid and related matters 1,586 120
Acquisition related costs 1,518  
Amortization and depreciation expense 704 487
Income from operations 5,303 8,466
Other income:    
Interest, net 121 500
Foreign currency transaction gains 796 82
Income before provision for income taxes 6,220 9,048
Provision for income taxes 1,746 2,261
Net income $ 4,474 $ 6,787
Income per common share-Basic $ 1.01 $ 1.51
Income per common share-Diluted $ 1.01 $ 1.51
Weighted average common shares outstanding — Basic (in shares) 4,288 4,421
Weighted average common shares outstanding — Diluted (in shares) 4,288 4,421
Dividends paid per common share (in dollars per share) $ 0.68 $ 0.68