Quarterly report pursuant to Section 13 or 15(d)

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

v3.3.0.814
Condensed Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Condensed Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) [Abstract]        
Sales $ 32,246,166 $ 33,433,924 $ 79,988,763 $ 91,841,307
Costs and expenses:        
Cost of sales 21,822,331 21,421,424 56,139,121 58,747,022
Selling, general and administrative expenses 9,992,444 9,354,599 30,827,158 28,044,957
Restructuring expense 0   0 237,838
Total costs and expenses 31,814,775 30,776,023 86,966,279 87,029,817
Operating income (loss) 431,391 2,657,901 (6,977,516) 4,811,490
Other income (expenses):        
Investment and other income 105,700 62,843 172,555 96,867
Gain (loss) on sale of assets 5,035 30,331 9,408 (105,799)
Interest and other expense (27,828) (17,467) (102,090) (58,513)
Other income (expense), net 82,907 75,707 79,873 (67,445)
Income (loss) from operations before income taxes 514,298 2,733,608 (6,897,643) 4,744,045
Income tax (benefit) expense (769,656) 1,038,707 (2,989,951) 1,752,243
Net income (loss) 1,283,954 1,694,901 (3,907,692) 2,991,802
Other comprehensive loss, net of tax:        
Additional minimum pension liability adjustments (11,985) (76,971) (38,783) (255,761)
Unrealized (loss)/gain on available-for-sale securities (1,010) (31,999) 48,916 (46,609)
Foreign currency translation adjustment (130,569) (225,050) (156,776) (142,506)
Total other comprehensive loss (143,564) (334,020) (146,643) (444,876)
Comprehensive income (loss) $ 1,140,390 $ 1,360,881 $ (4,054,335) $ 2,546,926
Basic net income (loss) per share: $ 0.15 $ 0.20 $ (0.45) $ 0.35
Diluted net income (loss) per share: $ 0.15 $ 0.20 $ (0.45) $ 0.35
Weighted Average Basic Shares Outstanding 8,707,564 8,641,853 8,692,154 8,609,835
Weighted Average Dilutive Shares Outstanding 8,743,179 8,663,142 8,692,154 8,631,985
Dividends declared per share $ 0.16 $ 0.16 $ 0.48 $ 0.48