| 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, 2013 and 2012. | | | | | | | | | | | | | | | | | | | | | | 1st Quarter | | 2nd Quarter | | 3rd Quarter | | 4th Quarter | | Total Year | 2013: | | | | | | | | | | Product sales | $ | 32,858,000 |
| | $ | 32,146,000 |
| | $ | 32,342,000 |
| | $ | 36,750,000 |
| | $ | 134,096,000 |
| Tooling sales | 1,504,000 |
| | 2,535,000 |
| | 5,092,000 |
| | 898,000 |
| | 10,029,000 |
| Net sales | 34,362,000 |
| | 34,681,000 |
| | 37,434,000 |
| | 37,648,000 |
| | 144,125,000 |
| Gross margin | 5,890,000 |
| | 5,989,000 |
| | 6,370,000 |
| | 5,325,000 |
| | 23,574,000 |
| Income before interest and taxes | 2,617,000 |
| | 2,500,000 |
| | 2,948,000 |
| | 2,049,000 |
| | 10,114,000 |
| Net income | 1,681,000 |
| | 1,589,000 |
| | 1,960,000 |
| | 1,636,000 |
| | 6,866,000 |
| Net income per common share: | | | | | | | | | | Basic | $ | 0.24 |
| | $ | 0.22 |
| | $ | 0.27 |
| | $ | 0.22 |
| | $ | 0.95 |
| Diluted | $ | 0.23 |
| | $ | 0.21 |
| | $ | 0.26 |
| | $ | 0.22 |
| | $ | 0.92 |
| | | | | | | | | | | 2012: | | | | | | | | | | Product sales | $ | 44,331,000 |
| | $ | 41,209,000 |
| | $ | 32,149,000 |
| | $ | 32,009,000 |
| | $ | 149,698,000 |
| Tooling sales | 198,000 |
| | 3,335,000 |
| | 5,532,000 |
| | 3,687,000 |
| | 12,752,000 |
| Net sales | 44,529,000 |
| | 44,544,000 |
| | 37,681,000 |
| | 35,696,000 |
| | 162,450,000 |
| Gross margin | 7,631,000 |
| | 7,026,000 |
| | 4,989,000 |
| | 6,202,000 |
| | 25,848,000 |
| Income before interest and taxes | 4,018,000 |
| | 3,439,000 |
| | 1,957,000 |
| | 3,076,000 |
| | 12,490,000 |
| Net income | 2,635,000 |
| | 2,341,000 |
| | 1,151,000 |
| | 2,063,000 |
| | 8,190,000 |
| Net income per common share: | | | | | | | | | | Basic | $ | 0.37 |
| | $ | 0.33 |
| | $ | 0.16 |
| | $ | 0.29 |
| | $ | 1.15 |
| Diluted (1) | $ | 0.36 |
| | $ | 0.32 |
| | $ | 0.16 |
| | $ | 0.28 |
| | $ | 1.11 |
|
(1) Sum of the quarters do not sum to total year due to rounding. |