Consolidated Condensed Statements of Operations and Retained Earnings (Unaudited) (USD $) In Thousands, except Per Share data |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Oct. 01, 2011 |
Oct. 02, 2010 |
Oct. 01, 2011 |
Oct. 02, 2010 |
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| Consolidated Condensed Statements of Operations and Retained Earnings [Abstract] | ||||
| Sales | $ 56,404 | $ 49,906 | $ 167,007 | $ 143,931 |
| Costs and Expenses: | ||||
| Cost of products sold | 42,149 | 37,013 | 123,860 | 108,807 |
| Gross Profit | 14,255 | 12,893 | 43,147 | 35,124 |
| Selling, general and administrative expenses | 6,360 | 5,679 | 19,849 | 17,183 |
| Income from operations | 7,895 | 7,214 | 23,298 | 17,941 |
| Interest expense, net of interest income of $96 and $24 for the nine months and $82 and $7 for the three months ended 2011 and 2010, respectively | 390 | 641 | 1,461 | 1,962 |
| Income Before Income Taxes | 7,505 | 6,573 | 21,837 | 15,979 |
| Provision for Income Taxes | 840 | 1,926 | 5,415 | 5,502 |
| Net Income | 6,665 | 4,647 | 16,422 | 10,477 |
| Retained Earnings: | ||||
| Beginning of period | 65,047 | 50,099 | ||
| End of period | $ 81,469 | $ 60,576 | $ 81,469 | $ 60,576 |
| Earnings per share: | ||||
| Basic | $ 0.55 | $ 0.39 | $ 1.36 | $ 0.88 |
| Diluted | $ 0.52 | $ 0.37 | $ 1.28 | $ 0.85 |
| Average Common Shares Outstanding: | ||||
| Basic | 12,125 | 11,895 | 12,104 | 11,885 |
| Diluted | 12,926 | 12,474 | 12,863 | 12,318 |
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- Definition Interest expense, net of interest income of $96 and $24 for the nine months and $82 and $7 for the three months ended 2011 and 2010, respectively
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- Definition Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues.
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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