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Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2017, 2016 and 2015.



	1st Quarter				2nd Quarter				3rd Quarter				4th Quarter				Total Year
2017:
Product sales	$	36,336,000			$	36,794,000			$	37,593,000			$	37,900,000			$	148,623,000
Tooling sales	410,000				10,574,000				901,000				1,165,000				13,050,000
Net sales	36,746,000				47,368,000				38,494,000				39,065,000				161,673,000
Gross margin	6,491,000				7,353,000				5,764,000				5,072,000				24,680,000
Operating income	2,566,000				3,185,000				1,406,000				833,000				7,990,000
Net income	1,688,000				2,162,000				855,000				754,000				5,459,000
Net income per common share:
Basic (1)	$	0.22			$	0.28			$	0.11			$	0.10			$	0.71
Diluted (1)	$	0.22			$	0.28			$	0.11			$	0.10			$	0.70

2016:
Product sales	$	42,530,000			$	36,813,000			$	33,816,000			$	33,465,000			$	146,624,000
Tooling sales	2,938,000				2,193,000				7,520,000				15,607,000				28,258,000
Net sales	45,468,000				39,006,000				41,336,000				49,072,000				174,882,000
Gross margin	8,863,000				6,323,000				5,581,000				7,157,000				27,924,000
Operating income	4,442,000				2,307,000				1,657,000				3,139,000				11,545,000
Net income	2,890,000				1,460,000				1,029,000				2,032,000				7,411,000
Net income per common share:
Basic (1)	$	0.38			$	0.19			$	0.13			$	0.27			$	0.97
Diluted (1)	$	0.38			$	0.19			$	0.13			$	0.26			$	0.97

2015:
Product sales	$	47,854,000			$	53,514,000			$	44,243,000			$	43,492,000			$	189,103,000
Tooling sales	1,745,000				1,342,000				3,806,000				3,072,000				9,965,000
Net sales	49,599,000				54,856,000				48,049,000				46,564,000				199,068,000
Gross margin	9,025,000				10,982,000				8,311,000				7,934,000				36,252,000
Operating income	4,890,000				6,232,000				3,902,000				3,474,000				18,498,000
Net income	3,196,000				4,039,000				2,484,000				2,331,000				12,050,000
Net income per common share:
Basic (1)	$	0.42			$	0.53			$	0.33			$	0.31			$	1.59
Diluted (1)	$	0.42			$	0.53			$	0.33			$	0.31			$	1.58

(1) Sum of the quarters may not sum to total year due to rounding.