XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Mar. 28, 2015
Mar. 29, 2014
Mar. 28, 2015
Mar. 29, 2014
Net sales $ 15,033,618us-gaap_SalesRevenueNet $ 14,708,529us-gaap_SalesRevenueNet $ 30,754,293us-gaap_SalesRevenueNet $ 29,561,806us-gaap_SalesRevenueNet
Cost of goods sold 10,051,750us-gaap_CostOfGoodsSold 9,455,352us-gaap_CostOfGoodsSold 20,323,444us-gaap_CostOfGoodsSold 19,520,834us-gaap_CostOfGoodsSold
Gross profit 4,981,868us-gaap_GrossProfit 5,253,177us-gaap_GrossProfit 10,430,849us-gaap_GrossProfit 10,040,972us-gaap_GrossProfit
Selling and marketing expenses 2,612,904us-gaap_SellingAndMarketingExpense 2,603,881us-gaap_SellingAndMarketingExpense 5,373,139us-gaap_SellingAndMarketingExpense 5,090,929us-gaap_SellingAndMarketingExpense
Research and development expenses 316,250us-gaap_ResearchAndDevelopmentExpense 274,137us-gaap_ResearchAndDevelopmentExpense 595,928us-gaap_ResearchAndDevelopmentExpense 562,907us-gaap_ResearchAndDevelopmentExpense
General and administrative expenses 1,127,917us-gaap_GeneralAndAdministrativeExpense 1,034,368us-gaap_GeneralAndAdministrativeExpense 2,192,920us-gaap_GeneralAndAdministrativeExpense 2,041,333us-gaap_GeneralAndAdministrativeExpense
Operating expenses 4,057,071us-gaap_OperatingExpenses 3,912,386us-gaap_OperatingExpenses 8,161,987us-gaap_OperatingExpenses 7,695,169us-gaap_OperatingExpenses
Operating income 924,797us-gaap_OperatingIncomeLoss 1,340,791us-gaap_OperatingIncomeLoss 2,268,862us-gaap_OperatingIncomeLoss 2,345,803us-gaap_OperatingIncomeLoss
Non-operating income (expense):        
Interest expense (3,125)us-gaap_InterestExpense (3,125)us-gaap_InterestExpense (6,285)us-gaap_InterestExpense (6,319)us-gaap_InterestExpense
Other 174,766us-gaap_OtherNonoperatingIncomeExpense 19,015us-gaap_OtherNonoperatingIncomeExpense 244,186us-gaap_OtherNonoperatingIncomeExpense 28,327us-gaap_OtherNonoperatingIncomeExpense
Net non-operating income (expense) 171,641us-gaap_NonoperatingIncomeExpense 15,890us-gaap_NonoperatingIncomeExpense 237,901us-gaap_NonoperatingIncomeExpense 22,008us-gaap_NonoperatingIncomeExpense
Income before income taxes 1,096,438us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,356,681us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,506,763us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,367,811us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 323,000us-gaap_IncomeTaxExpenseBenefit 466,000us-gaap_IncomeTaxExpenseBenefit 763,000us-gaap_IncomeTaxExpenseBenefit 811,000us-gaap_IncomeTaxExpenseBenefit
Net income 773,438us-gaap_NetIncomeLoss 890,681us-gaap_NetIncomeLoss 1,743,763us-gaap_NetIncomeLoss 1,556,811us-gaap_NetIncomeLoss
Other comprehensive income (loss), after tax:        
Foreign currency translation loss (621,477)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (318,992)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (1,127,611)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (708,155)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Comprehensive income $ 151,961us-gaap_ComprehensiveIncomeNetOfTax $ 571,689us-gaap_ComprehensiveIncomeNetOfTax $ 616,152us-gaap_ComprehensiveIncomeNetOfTax $ 848,656us-gaap_ComprehensiveIncomeNetOfTax
Net income per share of common stock:        
Basic (in dollars per share) $ 0.26us-gaap_EarningsPerShareBasic $ 0.30us-gaap_EarningsPerShareBasic $ 0.59us-gaap_EarningsPerShareBasic $ 0.53us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ 0.26us-gaap_EarningsPerShareDiluted $ 0.30us-gaap_EarningsPerShareDiluted $ 0.58us-gaap_EarningsPerShareDiluted $ 0.52us-gaap_EarningsPerShareDiluted
Dividends per common share (1) (in dollars per share) $ 0.15us-gaap_CommonStockDividendsPerShareDeclared [1] $ 0.14us-gaap_CommonStockDividendsPerShareDeclared [1] $ 1.30us-gaap_CommonStockDividendsPerShareDeclared [1] $ 0.28us-gaap_CommonStockDividendsPerShareDeclared [1]
Denominator for diluted earnings per share:        
Basic (in shares) 2,979,097us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,945,416us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,969,895us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,936,416us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 3,005,951us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,991,406us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 3,000,877us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,984,324us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Dividends per share for the six months ended March 28, 2015 include a special dividend of $1.00 per share declared on November 12, 2014 and paid on January 7, 2015 to shareholders of record on December 17, 2014.