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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Net sales $ 77,138 $ 87,118 $ 137,892 $ 168,145
Cost of sales 62,100 69,443 113,143 132,109
Gross profit 15,038 17,675 24,749 36,036
Selling and general expenses 7,125 6,291 13,695 13,655
Intangibles amortization 54 54 108 108
Operating profit 7,859 11,330 10,946 22,273
Other income 775 565 1,444 1,265
Earnings before provision for income taxes 8,634 11,895 12,390 23,538
Provision for income taxes 1,950 2,603 2,791 5,253
Net earnings $ 6,684 $ 9,292 $ 9,599 $ 18,285
Weighted average shares outstanding:        
Basic and diluted (in shares) 7,081 7,060 7,077 7,057
Net Earnings per share:        
Basic and diluted (in dollars per share) $ 0.94 $ 1.32 $ 1.36 $ 2.59
Comprehensive income:        
Net earnings $ 6,684 $ 9,292 $ 9,599 $ 18,285
Other comprehensive income, net of tax:        
Unrealized loss on available-for-sale securities (25) (34) (87) (83)
Comprehensive income $ 6,659 $ 9,258 $ 9,512 $ 18,202
Cash dividends declared and paid per common share (in dollars per share) $ 0.00 $ 0.00 $ 4.50 $ 6.25