Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.22.4
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Earnings    
Net sales $ 304,348 $ 282,582
Cost of sales 250,254 236,866
Gross profit 54,094 45,716
Selling, general, and administrative expenses 34,144 32,136
Acquisition related costs 582 0
Amortization and depreciation expense 2,054 1,529
Income from operations 17,314 12,051
Other income:    
Interest, net 159 359
Foreign currency transaction loss (941) (46)
Income before provision for income taxes 16,532 12,364
Provision for income taxes 4,035 3,166
Net income $ 12,497 $ 9,198
Income per common share-Basic $ 2.81 $ 2.09
Income per common share-Diluted $ 2.81 $ 2.09
Weighted average common shares outstanding - Basic (in shares) 4,331 4,272
Weighted average common shares outstanding - Diluted (in shares) 4,331 4,272
Dividends paid per common share (in dollars per share) $ 0.68 $ 0.68