Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.19.2
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Consolidated Statements of Earnings        
Net sales $ 50,676 $ 43,914 $ 95,534 $ 84,466
Cost of sales 42,857 37,416 80,481 71,073
Gross profit 7,819 6,498 15,053 13,393
Selling, general, and administrative expenses 5,472 5,298 10,988 10,346
Separation expenses 100 2,446 100 2,446
Income (loss) from operations 2,247 (1,246) 3,965 601
Other income:        
Interest, net 129 210 298 449
Foreign currency transaction gain (loss) 29 (3) 91 (2)
Income (loss) before provision for income taxes 2,405 (1,039) 4,354 1,048
Provision for income taxes 548 78 1,035 568
Net income (loss) $ 1,857 $ (1,117) $ 3,319 $ 480
Income (loss) per common share-Basic $ 0.41 $ (0.25) $ 0.74 $ 0.10
Income (loss) per common share-Diluted $ 0.41 $ (0.25) $ 0.74 $ 0.10
Weighted average common shares outstanding — Basic (in shares) 4,412 4,344 4,408 4,323
Weighted average common shares outstanding — Diluted (in shares) 4,412 4,344 4,408 4,323
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.34 $ 0.34