XML 46 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]    
Net sales $ 108,605 $ 143,732
Cost of sales 96,762 124,153
Amortization of intangibles 2,677 2,677
Profit sharing, bonuses, and deferred compensation 1,325 1,750
Employee stock ownership plan expense 675 1,500
Other selling, general and administrative expenses 5,599 6,723
Contingent consideration revaluation   869
Income from operations 1,567 6,060
Interest expense (826) (2,832)
Income before taxes 741 3,228
Income tax expense 691 769
Net income and comprehensive income 50 2,459
Earnings per share    
Net income available to shareholders $ 50 $ 2,459
Basic and diluted earnings per share $ 0.00 $ 0.18
Basic and diluted weighted average shares outstanding 19,533,533 13,443,484
Tax-adjusted pro forma information    
Net income available to shareholders $ 50 $ 2,459
Pro forma provision for income taxes   70
Pro forma net income $ 50 $ 2,389
Pro forma basic and diluted earnings per share $ 0.00 $ 0.18
Basic and diluted weighted average shares outstanding 19,533,533 13,443,484