Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.21.2
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Condensed Consolidated Statements of Earnings        
Net sales $ 68,911,000 $ 60,919,000 $ 207,074,000 $ 180,124,000
Cost of sales 57,592,000 53,682,000 173,934,000 157,609,000
Gross profit 11,319,000 7,237,000 33,140,000 22,515,000
Selling, general, and administrative expenses 7,761,000 5,993,000 24,312,000 16,866,000
Legal and financial advisory expenses, net - unsolicited bid and related matters 0 (81,000) 0 1,752,000
Acquisition related costs 0 344,000 0 982,000
Amortization and depreciation expense 381,000 164,000 1,177,000 403,000
Income from operations 3,177,000 817,000 7,651,000 2,512,000
Other income:        
Interest, net 60,000 19,000 362,000 105,000
Foreign currency transaction (loss) gain (41,000) (67,000) (107,000) 211,000
Income before provision for income taxes 3,196,000 769,000 7,906,000 2,828,000
Provision for income taxes 756,000 239,000 2,155,000 881,000
Net income $ 2,440,000 $ 530,000 $ 5,751,000 $ 1,947,000
Income per common share-Basic $ 0.55 $ 0.13 $ 1.31 $ 0.44
Income per common share-Diluted $ 0.55 $ 0.13 $ 1.31 $ 0.44
Weighted average common shares outstanding - Basic (in shares) 4,282 4,218 4,263 4,306
Weighted average common shares outstanding - Diluted (in shares) 4,282 4,218 4,263 4,306
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.51 $ 0.51