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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 53,336 $ 56,773 $ 99,175 $ 100,106
Cost of goods sold 33,314 38,225 62,872 66,590
Gross profit 20,022 18,548 36,303 33,516
Selling, general and administrative expenses 14,772 14,572 28,865 28,169
Operating income 5,250 3,976 7,438 5,347
Non-operating items:        
Interest expense 860 428 1,779 737
Interest income (28) (5) (45) (8)
Interest expense, net 832 423 1,734 729
Other (income) expense, net (23) 148 (46) 147
Income before income tax expense 4,441 3,405 5,750 4,471
Income tax expense 998 667 1,318 903
Net income $ 3,443 $ 2,738 $ 4,432 $ 3,568
Basic earnings per share $ 0.97 $ 0.78 $ 1.25 $ 1.01
Diluted earnings per share $ 0.96 $ 0.71 $ 1.25 $ 0.93
Weighted average number of common shares outstanding-denominator used for basic per share computations 3,555,000 3,521,000 3,548,000 3,521,000
Weighted average number of dilutive stock options outstanding 36,000 320,000   323,000
Denominator used for diluted per share computations 3,591,000 3,841,000 3,548,000 3,844,000
Dividends declared per share $ 0.14 $ 0.14 $ 0.28 $ 0.27