XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 179,373 $ 198,381 $ 190,455
Cost of sales 134,689 144,422 142,147
Gross profit 44,684 53,959 48,308
Selling, general, and administrative expenses 27,493 29,251 27,654
Acquisition costs 0 0 1,089
Loss (gain) on disposal of property, plant and equipment 459 0 (47)
Operating income 16,732 24,708 19,612
Interest income 0 0 47
Interest expense (83) (674) (1,320)
Other (expense) income (366) (388) 64
Income before income tax provision 16,283 23,646 18,403
Income tax expense 2,914 3,896 4,092
Net income $ 13,369 $ 19,750 $ 14,311
Net income per common share outstanding:      
Basic (in dollars per share) $ 1.79 $ 2.66 $ 1.95
Diluted (in dollars per share) $ 1.77 $ 2.63 $ 1.93
Weighted average common shares outstanding:      
Basic (in shares) 7,484 7,424 7,347
Diluted (in shares) 7,568 7,516 7,430