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Condensed Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 33,500,994 $ 29,957,495 $ 65,004,582 $ 58,657,961
Cost of sales 23,497,510 20,910,659 46,199,550 42,153,871
Gross profit 10,003,484 9,046,836 18,805,032 16,504,090
Selling, general & administrative expenses 5,686,772 5,387,357 11,412,316 10,399,342
Gain on sale of property, plant, and equipment   (12,000) (833,792) (12,000)
Operating income 4,316,712 3,671,479 8,226,508 6,116,748
Interest expense, net (11,582) (34,137) (13,152) (69,324)
Other income     4,000  
Income before income tax expense 4,305,130 3,637,342 8,217,356 6,047,424
Income tax expense 1,602,639 1,339,997 2,881,697 2,227,634
Net income from consolidated operations 2,702,491 2,297,345 5,335,659 3,819,790
Net income attributable to noncontrolling interests (699) (15,729) (428,984) (26,792)
Net income attributable to UFP Technologies, Inc. $ 2,701,792 $ 2,281,616 $ 4,906,675 $ 3,792,998
Net income per share attributable to UFP Technologies, Inc.:        
Basic (in dollars per share) $ 0.42 $ 0.37 $ 0.76 $ 0.63
Diluted (in dollars per share) $ 0.39 $ 0.34 $ 0.70 $ 0.57
Weighted average common shares outstanding:        
Basic (in shares) 6,465,968 6,138,249 6,429,945 6,067,966
Diluted (in shares) 6,981,838 6,725,398 6,974,106 6,690,894