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Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends | 12 Months Ended
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Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract] |
Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends | Note 10 Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends The Company's Common Stock is listed on the New York Stock Exchange under the symbol BMI. Earnings per share are computed independently for each quarter. As such, the annual per share amount may not equal the sum of the quarterly amounts due to rounding. The Company currently anticipates continuing to pay cash dividends. Shareholders of record as of December 31, 2023 and 2022 totaled 560. Voting trusts and street name shareholders are counted as single shareholders for this purpose.
|  | Quarter ended |
|  | March 31 |  |  | June 30 |  |  | September 30 |  |  | December 31 |
|  | (In thousands, except per share data) |
2023 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 159,101 |  |  | $ | 175,858 |  |  | $ | 186,193 |  |  | $ | 182,440 |
Gross margin |  |  | 62,816 |  |  |  | 69,434 |  |  |  | 72,723 |  |  |  | 71,465 |
Net earnings |  |  | 19,415 |  |  |  | 22,493 |  |  |  | 25,969 |  |  |  | 24,721 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.66 |  |  | $ | 0.77 |  |  | $ | 0.89 |  |  | $ | 0.84 |
Diluted |  |  | 0.66 |  |  |  | 0.76 |  |  |  | 0.88 |  |  |  | 0.84 |
Dividends declared |  |  | 0.23 |  |  |  | 0.23 |  |  |  | 0.27 |  |  |  | 0.27 |
Stock price: |  |  |  |  |  |  |  |  |  |  |  |
High |  | $ | 124.35 |  |  | $ | 156.15 |  |  | $ | 170.86 |  |  | $ | 158.47 |
Low |  |  | 103.93 |  |  |  | 117.53 |  |  |  | 138.71 |  |  |  | 134.06 |
Quarter-end close |  |  | 121.82 |  |  |  | 147.56 |  |  |  | 143.87 |  |  |  | 154.37 |
2022 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 132,402 |  |  | $ | 137,833 |  |  | $ | 148,009 |  |  | $ | 147,324 |
Gross margin |  |  | 50,723 |  |  |  | 54,760 |  |  |  | 57,522 |  |  |  | 56,965 |
Net earnings |  |  | 14,360 |  |  |  | 16,664 |  |  |  | 17,933 |  |  |  | 17,539 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.49 |  |  | $ | 0.57 |  |  | $ | 0.61 |  |  | $ | 0.60 |
Diluted |  |  | 0.49 |  |  |  | 0.57 |  |  |  | 0.61 |  |  |  | 0.60 |
Dividends declared |  |  | 0.20 |  |  |  | 0.20 |  |  |  | 0.23 |  |  |  | 0.23 |
Stock price: |  |  |  |  |  |  |  |  |  |  |  |
High |  | $ | 108.76 |  |  | $ | 102.67 |  |  | $ | 103.30 |  |  | $ | 120.54 |
Low |  |  | 85.55 |  |  |  | 73.20 |  |  |  | 76.88 |  |  |  | 88.16 |
Quarter-end close |  |  | 99.71 |  |  |  | 80.89 |  |  |  | 92.39 |  |  |  | 109.03 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//270/tableOfContent + Details
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