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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
NET SALES $ 168,366 $ 195,467 $ 472,949 $ 615,026
COSTS OF OPERATIONS 150,523 173,721 418,841 545,470
GROSS PROFIT 17,843 21,746 54,108 69,556
OPERATING EXPENSES:        
Selling, general and administrative expenses 9,231 10,453 30,272 31,636
NON-OPERATING (INCOME) EXPENSES:        
Interest expense, net 230 424 1,018 1,813
Other (income) expense, net (209) 231 (393) 542
Total expense, net 9,252 11,108 30,897 33,991
INCOME BEFORE INCOME TAXES 8,591 10,638 23,211 35,565
INCOME TAX PROVISION 2,038 2,562 5,401 8,146
NET INCOME $ 6,553 $ 8,076 $ 17,810 $ 27,419
BASIC INCOME PER COMMON SHARE (in dollars per share) $ 0.57 $ 0.71 $ 1.56 $ 2.41
CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.18 $ 0.18 $ 0.54 $ 0.54
WEIGHTED AVERAGE SHARES OUTSTANDING:        
Basic (in shares) 11,405 11,400 11,405 11,400