Condensed Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
Mar. 31, 2024	Mar. 31, 2023
Condensed Consolidated Statements of Earnings
Net sales	$ 92,422	$ 85,040
Cost of sales, excluding depreciation and amortization expense	75,402	69,831
Gross profit	17,020	15,209
Selling, general, and administrative expenses	12,523	10,241
Acquisition related costs	123	22
Depreciation and amortization expense	871	713
Income from operations	3,503	4,233
Other income:
Interest, net	203	112
Foreign currency transaction (loss) gain	(85)	44
Income before provision for income taxes	3,621	4,389
Provision for income taxes	890	1,065
Net income	$ 2,731	$ 3,324
Income per common share-Basic	$ 0.60	$ 0.74
Income per common share-Diluted	$ 0.60	$ 0.74
Weighted average common shares outstanding - Basic (in shares)	4,438	4,366
Weighted average common shares outstanding - Diluted (in shares)	4,438	4,366

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 25
-Paragraph 23
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479405/805-10-25-23