XML 17 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 11,282,000 $ 12,708,000 $ 22,032,000 $ 24,555,000
Cost of goods sold, excluding depreciation and amortization 6,795,000 8,168,000 13,252,000 15,770,000
Gross profit 4,487,000 4,540,000 8,780,000 8,785,000
Operating expenses:        
Selling, general and administrative 3,346,000 3,334,000 6,819,000 6,791,000
Depreciation and amortization 125,000 117,000 279,000 271,000
Total operating expenses 3,471,000 3,451,000 7,098,000 7,062,000
Income from operations 1,016,000 1,089,000 1,682,000 1,723,000
Other income:        
Equity in income of unconsolidated affiliate 129,000 93,000 234,000 191,000
Interest income, net 1,000 1,000 2,000 2,000
Total other income 130,000 94,000 236,000 193,000
Income before provision for income taxes 1,146,000 1,183,000 1,918,000 1,916,000
Provision for income taxes 342,000 386,000 564,000 612,000
Net income $ 804,000 $ 797,000 $ 1,354,000 $ 1,304,000
Basic earnings per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.09 $ 0.07
Diluted earnings per common share (in dollars per share) $ 0.05 $ 0.05 $ 0.09 $ 0.07
Basic weighted average common shares outstanding (in shares) 14,953,217 17,211,268 15,079,733 17,440,299
Diluted weighted average common shares outstanding (in shares) 15,006,089 17,211,268 15,151,032 17,440,299