XML 21 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Condensed Consolidated Statements of Income    
Net sales $ 9,125,736 $ 9,200,318
Cost of goods sold 7,115,475 7,122,029
Gross profit 2,010,261 2,078,289
Selling and administrative expenses 1,351,814 1,391,598
Operating profit 658,447 686,691
Other income:    
Interest income 8,485 8,852
Gain from disposal of equipment   30,000
Other nonoperating income 3,600 4,191
Income before provision for income taxes 670,532 729,734
Provision for income taxes 217,000 236,000
Net income $ 453,532 $ 493,734
Average common shares outstanding 966,132 966,132
Earnings per share $ 0.47 $ 0.51
Cash dividends declared per share $ 0.15 $ 0.15