Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net sales	$ 49,394	$ 47,808	$ 148,120	$ 139,758
Cost of sales	36,073	35,377	107,932	104,156
Gross profit	13,321	12,431	40,188	35,602
Selling, general & administrative expenses	7,183	6,541	22,226	20,550
Acquisition-related costs	0			1,089
Material overcharge settlement				(104)
Loss (Gain) on sale of fixed assets		5		(51)
Operating income	6,138	5,885	17,962	14,118
Interest income	0	(12)		(44)
Interest expense	165	355	590	1,032
Other expense (income)	24	(85)	461	(137)
Income before income tax expense	5,949	5,627	16,911	13,267
Income tax expense	308	1,493	2,938	3,366
Net income	$ 5,641	$ 4,134	$ 13,973	$ 9,901
Net income per share:
Basic (in dollars per share)	$ 0.76	$ 0.56	$ 1.88	$ 1.35
Diluted (in dollars per share)	$ 0.75	$ 0.56	$ 1.87	$ 1.34
Weighted average common shares outstanding:
Basic (in shares)	7,432	7,366	7,419	7,338
Diluted (in shares)	7,493	7,435	7,476	7,406

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 25
-Paragraph 23
-URI http://asc.fasb.org/extlink&oid=116868678&loc=d3e1043-128460