Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of (Loss) Income And Comprehensive (Loss) Income

v3.3.1.900
Consolidated Statements Of (Loss) Income And Comprehensive (Loss) Income - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Consolidated Statements Of (Loss) Income And Comprehensive (Loss) Income [Abstract]      
Sales $ 107,669,524 $ 119,071,439 $ 131,319,510
Costs and expenses:      
Cost of sales 76,123,362 76,912,881 86,420,982
Selling, general and administrative expenses 40,829,755 38,627,801 36,742,869
Pension settlement costs 1,222,276    
Impairment loss     5,849,853
Restructuring expense 0 237,838 1,149,439
Total costs and expenses 118,175,393 115,778,520 130,163,143
Operating (loss) income (10,505,869) 3,292,919 1,156,367
Other income and (expenses):      
Investment and other income 216,491 80,392 125,985
Gain (loss) on sale of assets 8,090 (112,242) (73,126)
Interest and other expense (120,435) (79,841) (106,101)
Other income (expense), net 104,146 (111,691) (53,242)
(Loss) income from operations before income taxes (10,401,723) 3,181,228 1,103,125
Income tax (benefit) expense (753,415) 1,219,355 2,061,013
Net (loss) income (9,648,308) 1,961,873 (957,888)
Other comprehensive (loss) income, net of tax:      
Additional minimum pension liability adjustments 2,197,000 155,000 37,000
Unrealized gains/(losses) on available-for-sale securities 28,161 (42,666) (21,964)
Foreign currency translation adjustment (2,196,385) (567,480) 333,000
Total other comprehensive income (loss) 28,776 (455,146) 348,036
Comprehensive (loss) income $ (9,619,532) $ 1,506,727 $ (609,852)
Basic net (loss) income per share: $ (1.11) $ 0.23 $ (0.11)
Diluted net (loss) income per share: $ (1.11) $ 0.23 $ (0.11)
Weighted Average Basic Shares Outstanding 8,720,225 8,622,032 8,531,073
Weighted Average Dilutive Shares Outstanding 8,720,225 8,640,416 8,531,073