XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 02, 2016
Jun. 27, 2015
Jul. 02, 2016
Jun. 27, 2015
Net sales $ 15,347,377 $ 15,813,474 $ 51,652,188 $ 46,567,766
Cost of goods sold 9,693,582 10,372,903 35,324,256 30,696,346
Gross profit 5,653,795 5,440,571 16,327,932 15,871,420
Selling and marketing expenses 2,697,970 2,717,470 7,844,102 8,090,610
Research and development expenses 276,553 281,798 845,717 877,726
General and administrative expenses 1,193,092 1,123,101 3,435,288 3,316,021
4,167,615 4,122,369 12,125,107 12,284,357
Operating income 1,486,180 1,318,202 4,202,825 3,587,063
Non-operating income (expense):        
Foreign currency (loss) gain (67,025) 65,154 410 263,103
Interest expense (5,144) (6,285)
Other 64 (821) (7,371) 45,417
Net non-operating income (expense) (66,961) 64,333 (12,105) 302,235
Income before income taxes 1,419,219 1,382,535 4,190,720 3,889,298
Provision for income taxes 484,000 420,000 1,355,000 1,183,000
Net income 935,219 962,535 2,835,720 2,706,298
Other comprehensive income (loss), after tax:        
Foreign currency translation gain (loss) 73,724 207,013 197,285 (920,598)
Comprehensive income $ 1,008,943 $ 1,169,548 $ 3,033,005 $ 1,785,700
Net income per share of common stock:        
Basic (in dollars per share) $ 0.34 $ 0.32 $ 1.04 $ 0.91
Diluted (in dollars per share) 0.34 0.32 1.03 0.90
Dividends per common share (1) (in dollars per share) [1] $ 0.16 $ 0.15 $ 0.48 $ 1.45
Weighted average shares outstanding:        
Basic (in shares) 2,734,468 2,991,192 2,729,743 2,976,994
Diluted (in shares) 2,758,503 3,017,536 2,755,161 3,006,430
[1] Dividends per common share for the nine months ended June 27, 2015 include a special dividend of $1.00 per share paid on January 7, 2015.