XML 33 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Oct. 03, 2015
Sep. 27, 2014
Oct. 03, 2015
Sep. 27, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [Abstract]        
Net sales $ 36,239,500 $ 35,803,405 $ 110,154,039 $ 106,432,304
Cost of products sold (27,205,657) (27,161,932) (85,872,857) (82,501,121)
Gross margin 9,033,843 8,641,473 24,281,182 23,931,183
Selling and administrative expenses (5,584,222) (4,892,600) (18,604,056) (15,097,253)
Operating profit 3,449,621 3,748,873 5,677,126 8,833,930
Interest expense (45,203) (60,680) (145,773) (193,875)
Other income 6,573 14,030 33,540 37,996
Income before income taxes 3,410,991 3,702,223 5,564,893 8,678,051
Income taxes 883,269 1,270,406 1,578,626 3,049,846
Net income $ 2,527,722 $ 2,431,817 $ 3,986,267 $ 5,628,205
Earnings per Share:        
Basic (in dollars per share) $ 0.41 $ 0.39 $ 0.64 $ 0.90
Diluted (in dollars per share) 0.41 0.39 0.64 0.90
Cash dividends per share: (in dollars per share) $ 0.12 [1] $ 0.15 [2] $ 0.34 [1] $ 0.37 [2]
[1] Includes $ 0.01 per share redemption for the termination of the 2008 Shareholder Rights Agreement.
[2] The Company paid an additional one-time dividend of $0.04 per share in the third quarter of 2014.