Quarterly report pursuant to Section 13 or 15(d)

Foreign Currency Translation

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Foreign Currency Translation
3 Months Ended
Mar. 31, 2022
Foreign Currency Translation  
Foreign Currency Translation

3.         Foreign Currency Translation:

Assets and liabilities of the Company’s foreign subsidiaries have been translated using the end of the reporting period exchange rates, and related revenues and expenses have been translated at average rates of exchange in effect during the period. Foreign currency transaction gains and losses are recorded as income or expenses as amounts are settled. The net sales from our foreign operations for the three months ended March 31, 2022 and 2021 were $15.7 million and $16.7 million, respectively.