XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Consolidated Statements Of Income And Comprehensive Income      
Gross Sales $ 137,244,000 $ 130,216,000 $ 108,966,000
Less: discounts and allowances (18,657,000) (11,256,000) (11,442,000)
Net sales 118,587,000 118,960,000 97,524,000
Cost of goods sold 86,292,000 87,561,000 68,275,000
Depreciation expense 2,413,000 2,536,000 1,626,000
Total cost of goods sold 88,705,000 90,097,000 69,901,000
Gross profit 29,882,000 28,863,000 27,623,000
Selling expenses 11,892,000 11,611,000 9,131,000
General and administrative 12,871,000 12,301,000 9,748,000
Amortization expense 716,000 716,000 713,000
Total operating expenses 25,479,000 24,628,000 19,592,000
Income from operations 4,403,000 4,235,000 8,031,000
Other income (expense):      
Interest and dividend income 112,000 122,000 116,000
Rental income 7,000 4,000 12,000
Interest expense (236,000) (277,000) (203,000)
Gain (Loss) on sale of investments, net reclassified from OCI (72,000) 99,000 195,000
Gain (Loss) on sale of equipment 253,000 7,000 (305,000)
Impairment of investments (475,000)
Other Income (Expense) 8,000 11,000
Total other income (expense) (411,000) (37,000) (174,000)
Income before provision for income taxes 3,992,000 4,198,000 7,857,000
Provision for income taxes 2,020,000 2,242,000 2,867,000
Net income $ 1,972,000 $ 1,956,000 $ 4,990,000
Basic and diluted earnings per common share $ 0.12 $ 0.12 $ 0.31
Weighted average number of shares outstanding 16,331 16,346 16,346
COMPREHENSIVE INCOME      
Net income $ 1,972,000 $ 1,956,000 $ 4,990,000
Other comprehensive income (loss), net of tax:      
Unrealized gains (losses) on investments, net of $30, $94 and ($50) of taxes (47,000) (146,000) 64,000
Reclassifications to earnings:      
Other than temporary impairment of investments, net of $84 of taxes 130,000 0 0
Realized (gains) losses on investments, net of ($28), $39 and $85 of taxes 44,000 (60,000) (110,000)
Comprehensive income $ 2,099,000 $ 1,750,000 $ 4,944,000