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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 14,475,000 $ 30,027,000 $ 55,442,000 $ 73,681,000
Cost of goods sold, excluding depreciation and amortization 9,533,000 14,891,000 35,089,000 37,378,000
Gross profit 4,942,000 15,136,000 20,353,000 36,303,000
Operating expenses:        
Selling, general and administrative 3,884,000 4,580,000 12,661,000 13,236,000
Depreciation and amortization 209,000 186,000 611,000 546,000
Total operating expenses 4,093,000 4,766,000 13,272,000 13,782,000
Income from operations 849,000 10,370,000 7,081,000 22,521,000
Other income:        
Equity in income of unconsolidated affiliate 112,000 250,000 623,000 456,000
Gain /(Loss) on marketable securities 0 (24,000) 0 (42,000)
Interest income, net 1,000 1,000 2,000 17,000
Total other income 113,000 227,000 625,000 431,000
Income before provision for income taxes 962,000 10,597,000 7,706,000 22,952,000
Provision for income taxes 196,000 2,490,000 1,550,000 3,284,000
Net income $ 766,000 $ 8,107,000 $ 6,156,000 $ 19,668,000
Basic (in dollars per share) $ 0.06 $ 0.60 $ 0.46 $ 1.46
Diluted (in dollars per share) $ 0.06 $ 0.58 $ 0.45 $ 1.41
Basic weighted average common shares outstanding (in shares) 13,177,520 13,588,554 13,255,125 13,431,210
Diluted weighted average common shares outstanding (in shares) 13,419,485 14,033,027 13,555,925 13,977,564