Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.19.3
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Consolidated Statements of Earnings        
Net sales $ 52,363 $ 47,923 $ 147,897 $ 132,389
Cost of sales 45,308 41,620 125,789 112,693
Gross profit 7,055 6,303 22,108 19,696
Selling, general, and administrative expenses 5,087 4,903 16,075 15,248
Separation expenses     100 2,446
Income from operations 1,968 1,400 5,933 2,002
Other income:        
Interest, net 118 296 416 744
Foreign currency transaction gain (loss) (52) 42 39 40
Income before provision for income taxes 2,034 1,738 6,388 2,786
Provision for income taxes 589 420 1,624 987
Net income $ 1,445 $ 1,318 $ 4,764 $ 1,799
Income per common share-Basic $ 0.32 $ 0.29 $ 1.06 $ 0.40
Income per common share-Diluted $ 0.32 $ 0.29 $ 1.06 $ 0.40
Weighted average common shares outstanding — Basic (in shares) 4,428 4,386 4,415 4,344
Weighted average common shares outstanding — Diluted (in shares) 4,428 4,386 4,415 4,344
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.51 $ 0.51