XML 36 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 31,966,826 $ 30,761,959 $ 97,591,654 $ 95,766,541
Cost of sales 22,740,944 22,277,661 69,473,855 68,477,211
Gross profit 9,225,882 8,484,298 28,117,799 27,289,330
Selling, general & administrative expenses 5,155,712 5,219,840 16,065,994 16,628,156
Gain on sale of fixed assets     (12,363) (833,792)
Operating income 4,070,170 3,264,458 12,064,168 11,494,966
Interest expense, net (13,739) (5,776) (43,247) (18,928)
Other income (expenses)     (2,058)  
Income before income tax expense 4,056,431 3,258,682 12,018,863 11,476,038
Income tax expense 1,460,158 819,079 4,326,790 3,700,776
Net income from consolidated operations 2,596,273 2,439,603 7,692,073 7,775,262
Net income attributable to noncontrolling interests   (4,415)   (433,399)
Net income attributable to UFP Technologies, Inc. $ 2,596,273 $ 2,435,188 $ 7,692,073 $ 7,341,863
Net income per share attributable to UFP Technologies, Inc.:        
Basic (in dollars per share) $ 0.39 $ 0.37 $ 1.15 $ 1.14
Diluted (in dollars per share) $ 0.37 $ 0.35 $ 1.09 $ 1.05
Weighted average common shares outstanding:        
Basic (in shares) 6,720,756 6,510,523 6,667,895 6,457,099
Diluted (in shares) 7,074,631 6,999,224 7,055,397 6,985,332