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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 50,384 $ 49,744 $ 149,559 $ 149,849
Cost of goods sold 30,881 33,819 93,752 100,374
Gross profit 19,503 15,925 55,807 49,475
Selling, general and administrative expenses 15,846 14,972 44,711 43,176
Operating income 3,657 953 11,096 6,299
Non-operating items:        
Interest expense 816 722 2,595 1,459
Interest income (32) (8) (78) (16)
Interest expense, net 784 714 2,517 1,443
Other expense, net 55 209 9 354
Income before income tax expense 2,818 30 8,570 4,502
Income tax expense (benefit) 666 (34) 1,984 870
Net income $ 2,152 $ 64 $ 6,586 $ 3,632
Basic earnings per share $ 0.6 $ 0.02 $ 1.85 $ 1.03
Diluted earnings per share $ 0.58 $ 0.02 $ 1.83 $ 0.96
Weighted average number of common shares outstanding-denominator used for basic per share computations 3,578,000 3,530,000 3,558,000 3,525,000
Weighted average number of dilutive stock options outstanding 143,000 162,000 38,000 256,000
Denominator used for diluted per share computations 3,721,000 3,692,000 3,596,000 3,781,000
Dividends declared per share $ 0.14 $ 0.14 $ 0.42 $ 0.41