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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)    
Revenues $ 39,169,000 $ 43,594,000
Cost of goods sold 22,830,000 23,726,000
Gross profit 16,339,000 19,868,000
Operating expenses:    
Selling 1,926,000 2,070,000
General and administrative 4,172,000 4,400,000
Research and development 1,310,000 1,684,000
Operating expenses 7,408,000 8,154,000
Operating income 8,931,000 11,714,000
Interest and dividend income 217,000 462,000
Other investment income/(losses) 62,000 (997,000)
Other income 66,000 0
Non operating income 345,000 (535,000)
Income before provision for income taxes 9,276,000 11,179,000
Provision for income taxes (1,550,000) (2,281,000)
Net income $ 7,726,000 $ 8,898,000
Net income per basic share $ 4.23 $ 4.80
Weighted average basic shares outstanding 1,826 1,853
Net income per diluted share $ 4.22 $ 4.79
Weighted average diluted shares outstanding 1,832 1,859
Dividends per common share $ 1.75 $ 1.55