XML 29 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 33,672,605 $ 33,500,994 $ 65,624,828 $ 65,004,582
Cost of sales 23,982,050 23,497,510 46,732,911 46,199,550
Gross profit 9,690,555 10,003,484 18,891,917 18,805,032
Selling, general & administrative expenses 5,391,757 5,686,772 10,910,282 11,412,316
Gain on sale of fixed assets (6,900)   (12,363) (833,792)
Operating income 4,305,698 4,316,712 7,993,998 8,226,508
Interest expense, net (14,000) (11,582) (29,508) (9,152)
Other income (expenses)     (2,058)  
Income before income tax expense 4,291,698 4,305,130 7,962,432 8,217,356
Income tax expense 1,544,632 1,602,639 2,866,632 2,881,697
Net income from consolidated operations 2,747,066 2,702,491 5,095,800 5,335,659
Net income attributable to noncontrolling interests   (699)   (428,984)
Net income attributable to UFP Technologies, Inc. $ 2,747,066 $ 2,701,792 $ 5,095,800 $ 4,906,675
Net income per share attributable to UFP Technologies, Inc.:        
Basic (in dollars per share) $ 0.41 $ 0.42 $ 0.77 $ 0.76
Diluted (in dollars per share) $ 0.39 $ 0.39 $ 0.72 $ 0.70
Weighted average common shares outstanding:        
Basic (in shares) 6,693,981 6,465,968 6,641,174 6,429,945
Diluted (in shares) 7,055,017 6,981,838 7,046,299 6,974,106