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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 37,110 $ 35,736 $ 110,239 $ 105,755
Cost of goods sold 26,948 27,202 80,578 78,704
Gross profit 10,162 8,534 29,661 27,051
Selling, general and administrative expense 6,190 5,745 18,851 17,807
Reversal of accrued contingent consideration 778   778  
Assets held for sale write-down (405) (1,135) (405) (1,135)
Litigation settlement gain       7,468
Litigation expense       (227)
Facility consolidation costs   (175)   (1,973)
Operating income 4,345 1,479 11,183 13,377
Other non-operating income, net 8 127 18 385
Interest expense (139) (218) (441) (617)
Income before income taxes 4,214 1,388 10,760 13,145
Provision for income taxes 1,605 302 4,535 6,437
Net income $ 2,609 $ 1,086 $ 6,225 $ 6,708
Basic and diluted income per common share $ 0.21 $ 0.09 $ 0.50 $ 0.54
Cash dividends per share $ 0.125 $ 0.125 $ 0.375 $ 0.375
Shares used in the calculation of basic and diluted income per share 12,392 12,386 12,389 12,381