Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Condensed Consolidated Statements of Income        
Net sales $ 47,923 $ 39,018 $ 132,389 $ 116,130
Cost of sales 41,620 32,775 112,693 96,555
Gross profit 6,303 6,243 19,696 19,575
Selling, general, and administrative expenses 4,903 4,451 15,248 14,261
Separation expenses     2,446  
Income from operations 1,400 1,792 2,002 5,314
Other income (expense):        
Interest, net 296 145 744 466
Foreign currency transaction gains 42 73 40 22
Income before provision for income taxes 1,738 2,010 2,786 5,802
Provision for income taxes 420 669 987 1,867
Net income $ 1,318 $ 1,341 $ 1,799 $ 3,935
Income per common share-Basic $ 0.29 $ 0.30 $ 0.40 $ 0.87
Income per common share-Diluted $ 0.29 $ 0.30 $ 0.40 $ 0.87
Weighted average common shares outstanding-Basic (in shares) 4,386 4,283 4,344 4,303
Weighted average common shares outstanding-Diluted (in shares) 4,386 4,283 4,344 4,303
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.51 $ 0.51