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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 01, 2017
Sep. 30, 2018
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 12,049,000 $ 12,104,000 $ 35,655,000 $ 34,082,000
Cost of goods sold, excluding depreciation and amortization 7,337,000 7,519,000 21,896,000 20,589,000
Gross profit 4,712,000 4,585,000 13,759,000 13,493,000
Operating expenses:        
Selling, general and administrative 3,450,000 2,676,000 10,024,000 10,269,000
Depreciation and amortization 147,000 140,000 430,000 426,000
Total operating expenses 3,597,000 2,816,000 10,454,000 10,695,000
Income from operations 1,115,000 1,769,000 3,305,000 2,798,000
Other income:        
Equity in income of unconsolidated affiliate 105,000 103,000 393,000 339,000
Gain on sale of property 385,000 385,000
Realized gain on sales of marketable securities 3,000 3,000
Unrealized gain (loss) on marketable securities 22,000 (43,000)
Interest income, net 1,000 1,000 2,000 3,000
Total other income 491,000 129,000 355,000 727,000
Income before provision for income taxes 1,606,000 1,898,000 3,660,000 3,525,000
Provision for income taxes 503,000 359,000 653,000 1,068,000
Net income $ 1,103,000 $ 1,539,000 $ 3,007,000 $ 2,457,000
Basic earnings per common share (in dollars per share) $ 0.07 $ 0.11 $ 0.21 $ 0.16
Diluted earnings per common share (in dollars per share) $ 0.07 $ 0.11 $ 0.21 $ 0.16
Basic weighted average common shares outstanding (in shares) 14,732,173 13,795,007 14,031,518 14,962,606
Diluted weighted average common shares outstanding (in shares) 14,933,426 13,853,619 14,076,033 15,075,940