Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME    
Net sales $ 93,187 $ 83,964
Cost of sales 70,241 63,937
Gross profit 22,946 20,027
Selling, general, and administrative expense 16,644 16,146
Intangibles amortization 2,741 2,871
Income from operations 3,561 1,010
Interest expense, net (4,150) (3,945)
Other expense, net (171) (203)
Loss before taxes (760) (3,138)
Income tax benefit (463) (1,262)
Net loss $ (297) $ (1,876)
Weighted average number of common shares outstanding:    
Basic (in shares) 22,729,084 22,623,518
Diluted (in shares) 22,729,084 22,623,518
Loss per common share:    
Basic (in dollars per share) $ (0.01) $ (0.08)
Diluted (in dollars per share) (0.01) (0.08)
Cash dividends declared per share (in dollars per share) 0.27 0.27
Cash dividends paid per share (in dollars per share) $ 0.27 $ 0.27
Comprehensive loss $ (1,319) $ (1,052)