XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 60,987,000 $ 57,968,000
Costs and expenses:    
Cost of goods sold 38,773,000 37,947,000
Selling and administrative expenses 17,643,000 16,463,000
Interest expense 184,000 148,000
56,600,000 54,558,000
Gain on sale of property, plant and equipment 1,018,000
Income before taxes on income 5,405,000 3,410,000
Income tax expense 1,570,000 968,000
Net income $ 3,835,000 $ 2,442,000
Weighted average number of shares outstanding during the period    
(Basic) (in shares) 14,350,721 13,927,063
(Diluted) (in shares) 14,929,695 14,668,658
Basic    
Net income (in dollars per share) $ 0.27 $ 0.18
Diluted    
Net income (in dollars per share) $ 0.26 $ 0.17
Other comprehensive income, net of tax:    
Recognition of net losses included in net periodic pension costs $ 176,000 $ 171,000
Recognition of settlement loss included in net periodic pension costs 165,000
Loss on cash flow hedging activities (128,000) (15,000)
Foreign currency translation adjustments 50,000 121,000
Other comprehensive income 98,000 442,000
Comprehensive income $ 3,933,000 $ 2,884,000
Cash dividends per common share (in dollars per share) $ 0.0875 $ 0.0825