v3.22.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 187,561 $ 157,530 $ 290,162 $ 260,872
Cost of sales 136,328 108,732 217,865 185,822
Gross profit 51,233 48,798 72,297 75,050
Selling, general, and administrative expense 23,024 21,982 44,397 41,881
Intangibles amortization 2,630 2,705 5,260 5,410
Income from operations 25,579 24,111 22,640 27,759
Interest expense, net (2,473) (4,372) (4,586) (7,347)
Loss on extinguishment of debt 0 (4,936) 0 (4,936)
Other income (expense), net (16) 116 111 108
Income before taxes 23,090 14,919 18,165 15,584
Income tax expense 5,365 816 4,348 739
Net income $ 17,725 $ 14,103 $ 13,817 $ 14,845
Weighted average number of common shares outstanding:        
Weighted average common shares outstanding (in shares) 22,907,414 22,973,391 22,944,769 22,927,658
Weighted average common shares assuming dilution (in shares) 22,907,414 22,985,233 22,947,352 22,943,836
Earnings per common share:        
Earnings Per Share, Basic, Total $ 0.76 $ 0.60 $ 0.59 $ 0.64
Earnings Per Share, Diluted, Total 0.75 0.60 0.58 0.63
Cash dividends declared and paid per share (in dollars per share) $ 0.29 $ 0.29 $ 0.58 $ 0.57
Comprehensive income $ 19,177 $ 15,021 $ 19,507 $ 16,269

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