XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 51,399 $ 49,019 $ 98,726 $ 91,949
Cost of sales 37,028 36,033 71,859 68,779
Gross profit 14,371 12,986 26,867 23,170
Selling, general & administrative expenses 7,799 7,417 15,043 14,008
Acquisition-related costs 0 19 1,089
Material overcharge settlement (104) (104)
Gain on sale of fixed assets 0 (15) (55)
Operating income 6,572 5,669 11,824 8,232
Interest income 0 (7) (32)
Interest expense 194 404 425 677
Other expense (income) 198 (3) 437 (53)
Income before income tax expense 6,180 5,275 10,962 7,640
Income tax expense 1,582 1,285 2,630 1,873
Net income $ 4,598 $ 3,990 $ 8,332 $ 5,767
Net income per share:        
Basic (in dollars per share) $ 0.62 $ 0.54 $ 1.12 $ 0.79
Diluted (in dollars per share) $ 0.62 $ 0.54 $ 1.11 $ 0.78
Weighted average common shares outstanding:        
Basic (in shares) 7,423 7,347 7,413 7,336
Diluted (in shares) 7,467 7,413 7,473 7,408