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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Dec. 31, 2022
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, 2022, 2021 and 2020 (in thousands).
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total Year
2022: |  |  |  |  |  |  |  |  |
Product sales | $ | 89,901 |  |  | $ | 93,317 |  |  | $ | 92,340 |  |  | $ | 83,143 |  |  | $ | 358,701 |
Tooling sales | 691 |  |  | 5,418 |  |  | 9,266 |  |  | 3,300 |  |  | 18,675 |
Net sales | 90,592 |  |  | 98,735 |  |  | 101,606 |  |  | 86,443 |  |  | 377,376 |
Gross margin | 14,507 |  |  | 13,045 |  |  | 13,303 |  |  | 11,547 |  |  | 52,402 |
Operating income | 6,012 |  |  | 4,385 |  |  | 4,632 |  |  | 2,974 |  |  | 18,003 |
Net income | 3,864 |  |  | 2,188 |  |  | 1,319 |  |  | 4,832 |  |  | 12,203 |
Net income per common share: |  |  |  |  |  |  |  |  |
Basic (1) | $ | 0.46 |  |  | $ | 0.26 |  |  | $ | 0.16 |  |  | $ | 0.57 |  |  | $ | 1.44 |
Diluted (1) | $ | 0.46 |  |  | $ | 0.26 |  |  | $ | 0.16 |  |  | $ | 0.57 |  |  | $ | 1.44 |
2021: |  |  |  |  |  |  |  |  |
Product sales | $ | 69,133 |  |  | $ | 79,117 |  |  | $ | 67,643 |  |  | $ | 68,132 |  |  | $ | 284,025 |
Tooling sales | 3,696 |  |  | 1,344 |  |  | 13,382 |  |  | 5,036 |  |  | 23,458 |
Net sales | 72,829 |  |  | 80,461 |  |  | 81,025 |  |  | 73,168 |  |  | 307,483 |
Gross margin | 12,718 |  |  | 13,736 |  |  | 6,415 |  |  | 8,475 |  |  | 41,344 |
Operating income (loss) | 5,346 |  |  | 6,173 |  |  | (2,393) |  |  | 1,942 |  |  | 11,068 |
Net income (loss) | 3,456 |  |  | 4,086 |  |  | (3,312) |  |  | 441 |  |  | 4,671 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |
Basic (1) | $ | 0.41 |  |  | $ | 0.48 |  |  | $ | (0.41) |  |  | $ | 0.05 |  |  | $ | 0.55 |
Diluted (1) | $ | 0.41 |  |  | $ | 0.48 |  |  | $ | (0.41) |  |  | $ | 0.05 |  |  | $ | 0.55 |
2020: |  |  |  |  |  |  |  |  |
Product sales | $ | 61,930 |  |  | $ | 35,847 |  |  | $ | 54,240 |  |  | $ | 58,563 |  |  | $ | 210,580 |
Tooling sales | 2,093 |  |  | 1,959 |  |  | 5,633 |  |  | 2,091 |  |  | 11,776 |
Net sales | 64,023 |  |  | 37,806 |  |  | 59,873 |  |  | 60,654 |  |  | 222,356 |
Gross margin | 10,766 |  |  | 2,903 |  |  | 10,838 |  |  | 9,967 |  |  | 34,474 |
Operating income (loss) | 4,261 |  |  | (1,206) |  |  | 4,321 |  |  | 3,014 |  |  | 10,390 |
Net income (loss) | 7,961 |  |  | (2,272) |  |  | 3,343 |  |  | (867) |  |  | 8,165 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |
Basic (1) | $ | 0.97 |  |  | $ | (0.29) |  |  | $ | 0.39 |  |  | $ | (0.10) |  |  | $ | 0.98 |
Diluted (1) | $ | 0.97 |  |  | $ | (0.29) |  |  | $ | 0.39 |  |  | $ | (0.10) |  |  | $ | 0.98 |
(1) Sum of the quarters may not sum to total year due to rounding.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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