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Quarterly Results of Operations (Unaudited) (Table) | 12 Months Ended
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Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Unaudited Quarterly Results of Operations | The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2023, 2022 and 2021 (in thousands).
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter |  | Total Year
2023: |  |  |  |  |  |  |  |  |
Product sales | $ | 98,337 |  |  | $ | 95,703 |  |  | $ | 80,896 |  |  | $ | 72,439 |  |  | $ | 347,375 |
Tooling sales | 1,170 |  |  | 2,022 |  |  | 5,832 |  |  | 1,339 |  |  | 10,363 |
Net sales | 99,507 |  |  | 97,725 |  |  | 86,728 |  |  | 73,778 |  |  | 357,738 |
Gross margin | 17,743 |  |  | 20,562 |  |  | 15,278 |  |  | 10,937 |  |  | 64,520 |
Operating income | 8,075 |  |  | 10,070 |  |  | 5,875 |  |  | 2,517 |  |  | 26,537 |
Net income | 5,852 |  |  | 7,936 |  |  | 4,354 |  |  | 2,182 |  |  | 20,324 |
Net income per common share: |  |  |  |  |  |  |  |  |
Basic (1) | $ | 0.69 |  |  | $ | 0.93 |  |  | $ | 0.50 |  |  | $ | 0.25 |  |  | $ | 2.37 |
Diluted (1) | $ | 0.66 |  |  | $ | 0.91 |  |  | $ | 0.49 |  |  | $ | 0.25 |  |  | $ | 2.31 |
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 |
(1) Sum of the quarters may not sum to total year due to rounding.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1 + Details
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