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v3.10.0.1

Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Net sales: |  |  |  |
Sales Revenue, Goods, Net | $ 65,225,000 | $ 36,794,000 | $ 124,937,000 | $ 73,130,000
Contracts Revenue | 3,376,000 | 10,574,000 | 6,710,000 | 10,984,000
Total net sales | 68,601,000 | 47,368,000 | 131,647,000 | 84,114,000
Cost of Goods Sold | 60,704,000 | 40,027,000 | 115,864,000 | 70,296,000
Gross margin | 7,897,000 | 7,341,000 | 15,783,000 | 13,818,000
Selling, General and Administrative Expense | 6,479,000 | 4,168,000 | 13,239,000 | 8,093,000
Operating Income (Loss) | 1,418,000 | 3,173,000 | 2,544,000 | 5,725,000
Interest Expense | 624,000 | 65,000 | 1,073,000 | 129,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) | (12,000) | (12,000) | (24,000) | (24,000)
Other Nonoperating Income (Expense) | 612,000 | 53,000 | 1,049,000 | 105,000
Income before income taxes | 806,000 | 3,120,000 | 1,495,000 | 5,620,000
Income Tax Expense (Benefit) | 361,000 | 958,000 | 532,000 | 1,772,000
Net income | $ 445,000 | $ 2,162,000 | $ 963,000 | $ 3,848,000
Net income per common share: |  |  |  |
Earnings Per Share, Basic | $ 0.06 | $ 0.28 | $ 0.12 | $ 0.50
Earnings Per Share, Diluted | $ 0.06 | $ 0.28 | $ 0.12 | $ 0.50
Weighted average shares outstanding: |  |  |  |
Basic | 7,743,000 | 7,687,000 | 7,727,000 | 7,669,000
Diluted | 7,800,000 | 7,752,000 | 7,800,000 | 7,730,000

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