XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Oct. 02, 2021
Oct. 03, 2020
Oct. 02, 2021
Oct. 03, 2020
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)        
Net sales $ 63,876,906 $ 55,705,597 $ 186,897,930 $ 147,059,497
Cost of products sold (48,661,374) (42,315,555) (142,196,527) (110,427,295)
Gross margin 15,215,532 13,390,042 44,701,403 36,632,202
Product development expense (962,924) (556,469) (3,068,866) (2,395,932)
Selling and administrative expenses (9,440,583) (8,536,752) (27,760,514) (23,289,068)
Operating profit 4,812,025 4,296,821 13,872,023 10,947,202
Interest expense (427,222) (485,300) (1,388,512) (1,560,962)
Other income 407,192 365,701 3,359,065 969,023
Income from continuing operations before income taxes 4,791,995 4,177,222 15,842,576 10,355,263
Income taxes (971,884) (1,021,607) (3,573,308) (2,476,640)
Net income from continuing operations 3,820,111 3,155,615 12,269,268 7,878,623
Discontinued Operations (see note B )        
Gain (loss) from operations of discontinued units 1,492,063 (222,773) 2,831,530 (5,054,259)
Gain (loss) on classification as held for sale 1,308,639 0 (9,274,439) 0
Income tax (expense) benefit (659,285) 51,833 1,516,661 1,167,345
Gain (loss) on discontinued operations 2,141,417 (170,940) (4,926,248) (3,886,914)
Net income $ 5,961,528 $ 2,984,675 $ 7,343,020 $ 3,991,709
Earnings per share from continuing operations:        
Basic $ 0.61 $ 0.51 $ 1.96 $ 1.26
Diluted 0.61 0.51 1.96 1.26
Earnings (loss) per share from discontinued operations:        
Basic 0.34 (0.03) (0.79) (0.62)
Diluted 0.34 (0.03) (0.79) (0.62)
Total earnings per share:        
Basic 0.95 0.48 1.17 0.64
Diluted 0.95 0.48 1.17 0.64
Cash dividends per share: $ 0.11 $ 0.11 $ 0.33 $ 0.33