XML 25 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]                      
Sales $ 92,463 $ 90,685 $ 90,501 $ 89,096 $ 104,850 $ 95,031 $ 88,252 $ 87,956 $ 362,745 $ 376,089 $ 347,448
Cost of sales 70,903 71,895 70,979 72,436 79,242 75,432 68,811 69,005 286,213 292,490 271,432
Gross profit 21,560 18,790 19,522 16,660 25,608 19,599 19,441 18,951 76,532 83,599 76,016
Selling, general, and administrative expenses 5,309 7,186 8,648 8,147 8,996 7,584 8,309 8,562 29,290 33,451 33,107
Operating income 16,251 11,604 10,874 8,513 16,612 12,015 11,132 10,389 47,242 50,148 42,909
Gain on sale of equity method investment                 0 0 11,381
Equity method investment loss                 0 0 (348)
Interest expense, net (368) (364) (321) (252) (338) (334) (289) (207) (1,305) (1,168) (1,184)
Income before income taxes 15,883 11,240 10,553 8,261 16,274 11,681 10,843 10,182 45,937 48,980 52,758
Income tax expense 2,936 3,025 2,642 (1,459) 4,452 2,673 3,316 1,255 7,144 11,696 10,935
Net income $ 12,947 $ 8,215 $ 7,911 $ 9,720 $ 11,822 $ 9,008 $ 7,527 $ 8,927 38,793 37,284 41,823
Income attributable to participating securities                 253 708 996
Net income attributable to common shareholders and used in Earnings Per Share calculation                 $ 38,540 $ 36,576 $ 40,827
Basic and diluted weighted average common shares (in shares)                 17,012,288 16,866,176 16,746,731
Basic and diluted EPS (in dollars per share) $ 0.76 $ 0.48 $ 0.46 $ 0.57 $ 0.69 $ 0.52 $ 0.44 $ 0.52 $ 2.27 $ 2.17 $ 2.44