Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2014, 2013 and 2012.



	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Total Year
2014:
Product sales	$	40,664,000	$	43,317,000	$	43,171,000	$	42,592,000	$	169,744,000
Tooling sales	411,000		2,807,000		420,000		1,822,000		5,460,000
Net sales	41,075,000		46,124,000		43,591,000		44,414,000		175,204,000
Gross margin	6,645,000		7,599,000		8,147,000		7,795,000		30,186,000
Income before interest and taxes	3,116,000		3,873,000		3,704,000		3,954,000		14,647,000
Net income	2,120,000		2,520,000		2,428,000		2,566,000		9,634,000
Net income per common share:
Basic (1)	$	0.29	$	0.34	$	0.32	$	0.34	$	1.28
Diluted (1)	$	0.28	$	0.33	$	0.32	$	0.34	$	1.28

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 (1)	$	0.24	$	0.22	$	0.27	$	0.22	$	0.95
Diluted (1)	$	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 (1)	$	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 may not sum to total year due to rounding.