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Quarterly Data (unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (unaudited)

16. Quarterly Data (unaudited)

 

Quarters (000’s omitted, except per share data):

 

2018  First  Second  Third  Fourth  Total
Net sales  $31,709   $39,751   $34,731   $31,130   $137,321 
Cost of goods sold   19,585    25,039    22,281    19,767    86,672 
Gross profit   12,124    14,712    12,450    11,363    50,649 
Net income   764    2,436    807    591    4,598 
Basic earnings per share  $0.23   $0.72   $0.24   $0.18   $1.36 
Diluted earnings per share  $0.21   $0.67   $0.23   $0.19   $1.30 
Dividends per share  $0.11   $0.11   $0.11   $0.12   $0.45 

 

2017  First  Second  Third  Fourth  Total
Net sales  $27,745   $38,849   $33,785   $30,171   $130,550 
Cost of goods sold   17,181    24,366    21,559    19,545    82,651 
Gross profit   10,564    14,483    12,226    10,626    47,899 
Net income   659    2,846    1,202    (655)   4,052 
Basic earnings per share  $0.20   $0.85   $0.36   $(0.20)  $1.21 
Diluted earnings per share  $0.18   $0.75   $0.32   $(0.16)  $1.09 
Dividends per share  $0.10   $0.11   $0.11   $0.11   $0.43 

 

Earnings per share were computed independently for each of the quarters presented. Therefore, the sum of the four quarterly earnings per share amounts may not necessarily equal the earnings per share for the year.