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Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Results of Operations Common Stock Price and Dividends
Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends
 
Quarter ended
 
March 31
 
June 30
 
September 30
 
December 31
 
(In thousands except per share data)
2015
 
 
 
 
 
 
 
Net sales
$
83,644

 
$
98,896

 
$
99,388

 
$
95,770

Gross margin
$
30,075

 
$
35,143

 
$
36,101

 
$
34,457

Net earnings
$
4,227

 
$
7,901

 
$
8,327

 
$
5,483

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.29

 
$
0.55

 
$
0.58

 
$
0.38

Diluted
$
0.29

 
$
0.55

 
$
0.58

 
$
0.38

Dividends declared
$
0.19

 
$
0.19

 
$
0.20

 
$
0.20

Stock price:
 
 
 
 
 
 
 
High
$
61.35

 
$
65.87

 
$
64.41

 
$
62.00

Low
$
54.72

 
$
58.67

 
$
51.63

 
$
55.28

Quarter-end close
$
59.94

 
$
63.49

 
$
58.06

 
$
58.59

 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
Net sales
$
83,496

 
$
95,662

 
$
96,271

 
$
89,339

Gross margin
$
28,951

 
$
34,831

 
$
36,465

 
$
30,895

Net earnings
$
4,632

 
$
8,814

 
$
10,231

 
$
6,001

Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.33

 
$
0.62

 
$
0.71

 
$
0.42

Diluted
$
0.32

 
$
0.61

 
$
0.71

 
$
0.42

Dividends declared
$
0.18

 
$
0.18

 
$
0.19

 
$
0.19

Stock price:
 
 
 
 
 
 
 
High
$
56.03

 
$
56.96

 
$
54.33

 
$
60.91

Low
$
47.90

 
$
46.47

 
$
47.32

 
$
47.46

Quarter-end close
$
55.10

 
$
52.65

 
$
50.45

 
$
59.35


    
During the fourth quarter of 2015, the Company revised its Consolidated Condensed Statement of Cash flows for the nine-months ended September 30, 2015.  The adjustment pertained to the Company’s acquisition of United Utilities, resulting in lower net cash provided by operations of $2.9 million, with a corresponding decrease in net cash used for investing activities. There was no change in the total purchase price of United Utilities' assets.  The Company’s revised net cash provided by operations and net cash used for investing activities are $24.8 million and $(13.3) million, respectively, for the nine-months ended September 30, 2015.

The Company's Common Stock is listed on the New York Stock Exchange under the symbol BMI. Earnings per share are computed independently for each quarter. As such, the annual per share amount may not equal the sum of the quarterly amounts due to rounding. The Company currently anticipates continuing to pay cash dividends. Shareholders of record as of December 31, 2015 and 2014 totaled 948. Voting trusts and street name shareholders are counted as single shareholders for this purpose.