Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.21.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Condensed Consolidated Statements of Earnings    
Net sales $ 62,813,000 $ 62,618,000
Cost of sales 51,970,000 54,454,000
Gross profit 10,843,000 8,164,000
Selling, general, and administrative expenses 8,412,000 5,404,000
Legal and financial advisory expenses - unsolicited bid and related matters 0 1,323,000
Acquisition related costs   403,000
Amortization and depreciation expense 399,000 96,000
Income from operations 2,032,000 938,000
Other income:    
Interest, net 10,000 62,000
Foreign currency transaction (loss) gain (91,000) 115,000
Income before provision for income taxes 1,951,000 1,115,000
Provision for income taxes 431,000 279,000
Net income $ 1,520,000 $ 836,000
Income per common share-Basic $ 0.35 $ 0.18
Income per common share-Diluted $ 0.35 $ 0.18
Weighted average common shares outstanding - Basic (in shares) 4,247 4,447
Weighted average common shares outstanding - Diluted (in shares) 4,247 4,447
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17