XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 17,806,000 $ 25,500,000 $ 40,967,000 $ 43,654,000
Cost of goods sold, excluding depreciation and amortization 11,574,000 12,887,000 25,556,000 22,487,000
Gross profit 6,232,000 12,613,000 15,411,000 21,167,000
Operating expenses:        
Selling, general and administrative 4,199,000 4,553,000 8,777,000 8,656,000
Depreciation and amortization 203,000 178,000 401,000 360,000
Total operating expenses 4,402,000 4,731,000 9,178,000 9,016,000
Income from operations 1,830,000 7,882,000 6,233,000 12,151,000
Other income:        
Equity in income of unconsolidated affiliate 188,000 119,000 510,000 206,000
Gain /(Loss) on marketable securities 0 41,000 0 (18,000)
Interest income, net 0 0 1,000 16,000
Total other income 188,000 160,000 511,000 204,000
Income before provision for income taxes 2,018,000 8,042,000 6,744,000 12,355,000
Provision for income taxes 347,000 1,822,000 1,354,000 794,000
Net income $ 1,671,000 $ 6,220,000 $ 5,390,000 $ 11,561,000
Basic (in dollars per share) $ 0.13 $ 0.47 $ 0.41 $ 0.87
Diluted (in dollars per share) $ 0.12 $ 0.46 $ 0.40 $ 0.84
Basic weighted average common shares outstanding (in shares) 13,246,676 13,351,675 13,294,571 13,351,674
Diluted weighted average common shares outstanding (in shares) 13,511,497 13,651,995 13,621,101 13,813,094