XML 46 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [Abstract]        
Net sales $ 60,692,645 $ 57,357,442 $ 183,015,723 $ 177,663,291
Cost of products sold (45,754,911) (43,139,780) (139,243,164) (133,670,797)
Gross margin 14,937,734 14,217,662 43,772,559 43,992,494
Product development expenses (825,425) (2,004,919) (5,240,004) (5,089,178)
Selling and administrative expenses (8,391,898) (7,472,335) (24,866,665) (25,602,515)
Restructuring costs 0 0 (2,651,877) 0
Operating profit 5,720,411 4,740,408 11,014,013 13,300,801
Interest expense (420,377) (310,507) (974,536) (918,897)
Other income 188,623 228,787 789,371 673,287
Income before income taxes 5,488,657 4,658,688 10,828,848 13,055,191
Income taxes 1,295,575 892,027 2,535,033 2,929,858
Net income $ 4,193,082 $ 3,766,661 $ 8,293,815 $ 10,125,333
Earnings per Share:        
Basic (in dollars per share) $ 0.67 $ 0.60 $ 1.33 $ 1.62
Diluted (in dollars per share) 0.67 0.60 1.33 1.61
Cash dividends per share: (in dollars per share) $ 0.11 $ 0.11 $ 0.33 $ 0.33