v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 166,100 $ 127,636 $ 456,262 $ 388,508
Cost of sales 124,831 97,001 342,696 282,823
Gross profit 41,269 30,635 113,566 105,685
Selling, general, and administrative expense 19,181 17,607 63,578 59,488
Intangibles amortization 2,630 2,642 7,890 8,052
Income from operations 19,458 10,386 42,098 38,145
Interest expense, net (3,266) (2,167) (7,852) (9,514)
Loss on extinguishment of debt 0 0 0 (4,936)
Other income (expense), net (17) 15 94 123
Income before taxes 16,175 8,234 34,340 23,818
Income tax expense 2,895 1,204 7,243 1,943
Net income $ 13,280 $ 7,030 $ 27,097 $ 21,875
Weighted average number of common shares outstanding:        
Weighted average common shares outstanding (in shares) 22,886,793 22,980,951 22,925,231 22,945,617
Weighted average common shares assuming dilution (in shares) 22,886,793 22,992,793 22,926,943 22,960,334
Earnings per common share:        
Earnings Per Share, Basic, Total $ 0.57 $ 0.30 $ 1.16 $ 0.94
Earnings Per Share, Diluted, Total 0.56 0.30 1.14 0.92
Cash dividends declared and paid per share (in dollars per share) $ 0.29 $ 0.29 $ 0.87 $ 0.86
Comprehensive income $ 17,032 $ 7,611 $ 36,539 $ 23,880

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