Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 15: Selected Quarterly Financial Data (unaudited)

	First quarter		Second quarter		Third quarter			Fourth quarter
(dollars in thousands, except per share amounts)
2019 Data:
Net sales	$	60,271	$	70,997	$	56,568		$	55,171
Gross margin	$	7,370	$	9,106	$	5,308		$	5,854
Operating income	$	2,404	$	3,502	$	783		$	602
Provision (benefit) for income taxes	$	248	$	384	$	(577	)	$	(557	)
Net income	$	1,222	$	2,086	$	767		$	200
Net income per common share
Basic	$	0.14	$	0.24	$	0.09		$	0.02
Diluted	$	0.14	$	0.24	$	0.09		$	0.02
2018 Data:
Net sales	$	63,737	$	66,071	$	69,056		$	57,063
Gross margin	$	9,272	$	11,695	$	10,425		$	6,424
Operating income	$	4,065	$	5,846	$	5,294		$	865
Provision (benefit) for income taxes	$	777	$	1,139	$	460		$	(441	)
Net income	$	2,125	$	4,038	$	3,916		$	583
Net income per common share:
Basic	$	0.29	$	0.52	$	0.45		$	0.07
Diluted	$	0.28	$	0.50	$	0.44		$	0.07

Net income per common share amounts for each quarter is required to be computed independently. As a result, their sum may not equal the total year earnings per share amounts.