Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Condensed Consolidated Statements of Earnings      
Net sales $ 418,131 $ 382,090 $ 340,758
Cost of sales 390,800 355,517 315,948
Gross profit 27,331 26,573 24,810
Selling, general and administrative expenses 18,715 18,063 16,513
Income from operations 8,616 8,510 8,297
Other income:      
Interest, net 318 368 472
Foreign currency transaction loss (1) (20) (11)
Income before provision for income taxes 8,933 8,858 8,758
Provision for income taxes 3,032 3,028 2,998
Net income $ 5,901 $ 5,830 $ 5,760
Income per common share-Basic (in dollars per share) $ 1.31 $ 1.26 $ 1.24
Income per common share-Diluted (in dollars per share) $ 1.31 $ 1.25 $ 1.23
Weighted average common shares outstanding-Basic (in shares) 4,503 4,634 4,661
Weighted average common shares outstanding-Diluted (in shares) 4,514 4,653 4,702