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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 49,019 $ 37,886 $ 91,949 $ 74,939
Cost of sales 36,033 27,945 68,779 55,482
Gross profit 12,986 9,941 23,170 19,457
Selling, general & administrative expenses 7,417 6,061 14,008 12,376
Acquisition-related costs 19 1,089
Restructuring costs 63 63
Material overcharge settlement (104) (121) (104) (121)
(Gain) Loss on sale of fixed assets (15) 8 (55) 3
Operating income 5,669 3,930 8,232 7,136
Interest income (7) (42) (32) (84)
Interest expense 404 13 677 27
Other income (3) (53)
Income before income tax expense 5,275 3,959 7,640 7,193
Income tax expense 1,285 1,329 1,873 2,392
Net income $ 3,990 $ 2,630 $ 5,767 $ 4,801
Net income per share:        
Basic (in dollars per share) $ 0.54 $ 0.36 $ 0.79 $ 0.66
Diluted (in dollars per share) $ 0.54 $ 0.36 $ 0.78 $ 0.66
Weighted average common shares outstanding:        
Basic (in shares) 7,347 7,239 7,336 7,228
Diluted (in shares) 7,413 7,323 7,408 7,312