Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Earnings

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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Condensed Consolidated Statements of Earnings        
Net sales $ 102,982 $ 105,257 $ 215,778 $ 198,580
Cost of sales 96,410 98,257 202,447 185,628
Gross profit 6,572 7,000 13,331 12,952
Selling, general and administrative expenses 4,842 4,756 9,810 9,216
Income from operations 1,730 2,244 3,521 3,736
Other income:        
Interest, net 173 61 321 125
Foreign currency transaction (loss) (50) (3) (50) (3)
Income before provision for income taxes 1,853 2,302 3,792 3,858
Provision for income taxes 578 775 1,200 1,303
Net income $ 1,275 $ 1,527 $ 2,592 $ 2,555
Income per common share-Basic (in dollars per share) $ 0.30 $ 0.34 $ 0.60 $ 0.56
Income per common share-Diluted (in dollars per share) $ 0.30 $ 0.34 $ 0.60 $ 0.56
Weighted average common shares outstanding-Basic (in shares) 4,285 4,524 4,314 4,545
Weighted average common shares outstanding-Diluted (in shares) 4,315 4,535 4,337 4,557
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.34 $ 0.34