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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 50,723 $ 43,299 [1] $ 149,977 $ 134,220 [1]
Cost of sales 38,707 32,771 111,938 100,919
Gross profit 12,016 10,528 38,039 33,301
Selling, general & administrative expenses 6,806 6,791 21,343 21,208
Acquisition Costs 154 0 154 0
(Gain) loss on sale of property, plant & equipment (21) 12 (42) 298
Operating income 5,077 3,725 16,584 11,795
Interest (income) expense, net 16 17 11 66
Other expenses (income) 4 0 (2) 362
Income before income tax expense 5,057 3,708 16,575 11,367
Income tax expense 1,268 720 3,908 2,170
Net income $ 3,789 $ 2,988 $ 12,667 $ 9,197
Net income per share:        
Basic (in dollars per share) $ 0.50 $ 0.40 $ 1.68 $ 1.23
Diluted (in dollars per share) $ 0.50 $ 0.40 $ 1.67 $ 1.22
Weighted average common shares outstanding:        
Basic (in shares) 7,531 7,495 7,522 7,480
Diluted (in shares) 7,597 7,555 7,585 7,547
[1] Certain amounts for the three and nine months ended September 30, 2021 were reclassified between markets to conform to the current period presentation.