Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Income And Comprehensive Income

v2.4.0.8
Consolidated Statements Of Income And Comprehensive Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Consolidated Statements Of Income And Comprehensive Income [Abstract]        
Sales $ 33,433,924 $ 44,616,873 $ 91,841,307 $ 104,006,206
Costs and expenses:        
Cost of sales 21,421,424 30,993,686 58,747,022 69,078,776
Selling, general and administrative expenses 9,354,599 9,468,972 28,044,957 27,835,588
Impairment loss   5,849,853   5,849,853
Restructuring expense     237,838  
Total costs and expenses 30,776,023 46,312,511 87,029,817 102,764,217
Operating income (loss) 2,657,901 (1,695,638) 4,811,490 1,241,989
Other income and (expenses):        
Investment and other income 62,843 (72) 96,867 122,070
Gain/(loss) on sale of assets 30,331 (33,388) (105,799) (78,065)
Interest and other expense (17,467) (26,644) (58,513) (82,487)
Other income (expense), net 75,707 (60,104) (67,445) (38,482)
Income (loss) from operations before income taxes 2,733,608 (1,755,742) 4,744,045 1,203,507
Income tax expense 1,038,707 280,191 1,752,243 1,358,525
Net income (loss) 1,694,901 (2,035,933) 2,991,802 (155,018)
Other comprehensive (loss) income, net of tax:        
Additional minimum pension liability adjustments (76,971) 179,450 (255,761) (26,624)
Unrealized gain/(loss) on available-for-sale securities (31,999) 12,193 (46,609) (18,353)
Foreign currency translation adjustment (225,050) 197,918 (142,506) (141,754)
Total other comprehensive (loss) income (334,020) 389,561 (444,876) (186,731)
Comprehensive income (loss) $ 1,360,881 $ (1,646,372) $ 2,546,926 $ (341,749)
Basic net income (loss) per share: $ 0.20 $ (0.24) $ 0.35 $ (0.02)
Diluted net income (loss) per share: $ 0.20 $ (0.24) $ 0.35 $ (0.02)
Weighted Average Basic Shares Outstanding 8,641,853 8,547,563 8,609,835 8,524,045
Weighted Average Dilutive Shares Outstanding 8,663,142 8,550,227 8,631,985 8,531,017
Dividends declared per share $ 0.16 $ 0.16 $ 0.48 $ 0.48