Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Condensed Consolidated Statements of Earnings        
Net sales $ 91,970 $ 84,399 $ 184,662 $ 156,129
Cost of sales 85,545 78,260 171,880 144,452
Gross profit 6,425 6,139 12,782 11,677
Selling, general and administrative expenses 4,449 3,957 8,916 8,002
Income from operations 1,976 2,182 3,866 3,675
Other income:        
Interest, net 99 132 197 255
Foreign currency transaction (loss) gain (4) 8 (5) (4)
Income before provision for income taxes 2,071 2,322 4,058 3,926
Provision for income taxes 710 839 1,394 1,384
Net income $ 1,361 $ 1,483 $ 2,664 $ 2,542
Income per common share-Basic (in dollars per share) $ 0.29 $ 0.32 $ 0.57 $ 0.55
Income per common share-Diluted (in dollars per share) $ 0.29 $ 0.31 $ 0.57 $ 0.54
Weighted average common shares outstanding-Basic (in shares) 4,640 4,664 4,665 4,601
Weighted average common shares outstanding-Diluted (in shares) 4,663 4,719 4,689 4,665
Dividends paid per common share (in dollars per share) $ 0.17 $ 0.17 $ 0.34 $ 0.34