Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.20.2
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Consolidated Statements of Earnings        
Net sales $ 60,919 $ 52,363 $ 180,124 $ 147,897
Cost of sales 53,682 45,308 157,609 125,789
Gross profit 7,237 7,055 22,515 22,108
Selling, general, and administrative expenses 6,157 5,087 17,269 16,175
Legal and financial advisory expenses - unsolicited bid and related matters (81)   1,752  
Acquisition related costs 344   982  
Income from operations 817 1,968 2,512 5,933
Other income:        
Interest, net 19 118 105 416
Foreign currency transaction gain (loss) (67) (52) 211 39
Income before provision for income taxes 769 2,034 2,828 6,388
Provision for income taxes 239 589 881 1,624
Net income $ 530 $ 1,445 $ 1,947 $ 4,764
Income per common share-Basic $ 0.13 $ 0.32 $ 0.44 $ 1.06
Income per common share-Diluted $ 0.13 $ 0.32 $ 0.44 $ 1.06
Weighted average common shares outstanding — Basic (in shares) 4,218 4,428 4,306 4,415
Weighted average common shares outstanding — Diluted (in shares) 4,218 4,428 4,306 4,415
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.51 $ 0.51