Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Unaudited: Quarterly Results of Operations, Common Stock Price and Dividends

Note 10    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)
2019
Net sales	$	104,881	$	103,542	$	108,646	$	107,556
Gross margin	$	40,457	$	40,276	$	41,670	$	41,125
Net earnings	$	10,824	$	11,358	$	12,721	$	12,274
Earnings per share:
Basic	$	0.37	$	0.39	$	0.44	$	0.42
Diluted	$	0.37	$	0.39	$	0.44	$	0.42
Dividends declared	$	0.15	$	0.15	$	0.17	$	0.17
Stock price:
High	$	61.57	$	60.28	$	60.52	$	66.64
Low	$	47.59	$	51.56	$	49.66	$	50.67
Quarter-end close	$	55.64	$	59.69	$	53.70	$	64.93
2018
Net sales	$	105,041	$	113,648	$	110,630	$	104,413
Gross margin	$	36,748	$	41,504	$	43,946	$	40,151
Net earnings	$	7,546	$	6,154	$	2,851	$	11,239
Earnings per share:
Basic	$	0.26	$	0.21	$	0.10	$	0.39
Diluted	$	0.26	$	0.21	$	0.10	$	0.39
Dividends declared	$	0.13	$	0.13	$	0.15	$	0.15
Stock price:
High	$	51.05	$	47.25	$	56.40	$	57.12
Low	$	45.45	$	41.00	$	50.75	$	46.70
Quarter-end close	$	47.15	$	44.70	$	52.95	$	49.21

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, 2019 and 2018 totaled 790 and 906, respectively.  Voting trusts and street name shareholders are counted as single shareholders for this purpose.