Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.20.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Condensed Consolidated Statements of Earnings    
Net sales $ 62,618 $ 44,858
Cost of sales 54,454 37,624
Gross profit 8,164 7,234
Selling, general, and administrative expenses 5,500 5,515
Legal and financial advisory expenses - unsolicited bid and related matters 1,323  
Acquisition related costs 403  
Income from operations 938 1,719
Other income:    
Interest, net 62 169
Foreign currency transaction gain 115 62
Income before provision for income taxes 1,115 1,950
Provision for income taxes 279 487
Net income $ 836 $ 1,463
Income per common share-Basic $ 0.18 $ 0.32
Income per common share-Diluted $ 0.18 $ 0.32
Weighted average common shares outstanding — Basic (in shares) 4,447 4,404
Weighted average common shares outstanding — Diluted (in shares) 4,447 4,404
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17