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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)        
Revenues $ 37,968 $ 40,103 $ 81,563 $ 81,717
Cost of goods sold 20,499 21,511 44,226 44,422
Gross profit 17,469 18,592 37,337 37,295
Operating expenses:        
Selling 1,703 2,098 3,773 4,482
General and administrative 4,628 4,304 9,028 8,490
Research and development 1,092 1,224 2,776 2,319
Total Operating Expense 7,423 7,626 15,577 15,291
Operating income 10,046 10,966 21,760 22,004
Interest and dividend income 367 581 858 1,163
Other investment income (losses) 354 161 (673) 372
Total Non Operating Income Expenses 721 742 185 1,535
Income before provision for income taxes 10,767 11,708 21,945 23,539
Provision for income taxes (2,162) (2,044) (4,443) (4,437)
Net income $ 8,605 $ 9,664 $ 17,502 $ 19,102
Net income per basic share $ 4.69 $ 5.21 $ 9.49 $ 10.30
Weighted average basic shares outstanding 1,835 1,854 1,844 1,854
Net income per diluted share $ 4.68 $ 5.18 $ 9.47 $ 10.25
Weighted average diluted shares outstanding 1,839 1,864 1,849 1,863
Dividends per common share $ 1.55 $ 1.35 $ 3.10 $ 2.70