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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 37,220 $ 34,441 $ 109,626 $ 104,917
Cost of sales 28,768 24,931 83,161 76,475
Gross profit 8,452 9,510 26,465 28,442
Selling, general & administrative expenses 6,027 5,604 18,402 18,404
Restructuring costs 25 851 203 959
Material overcharge settlement (1,681) (2,114)
Gain on sale of fixed assets (4) (31)
Operating income 4,081 3,055 9,978 9,110
Interest income (expense), net 25 9 51 (7)
Income before income tax expense 4,106 3,064 10,029 9,103
Income tax expense 1,437 1,072 3,550 3,186
Net income $ 2,669 $ 1,992 $ 6,479 $ 5,917
Net income per share:        
Basic (in dollars per share) $ 0.37 $ 0.28 $ 0.90 $ 0.83
Diluted (in dollars per share) $ 0.37 $ 0.28 $ 0.89 $ 0.82
Weighted average common shares outstanding:        
Basic (in shares) 7,225 7,131 7,213 7,108
Diluted (in shares) 7,312 7,230 7,294 7,212