Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (unaudited)

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Consolidated Statements of Operations (unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
Jun. 29, 2013
Income Statement [Abstract]        
Net sales $ 61,050 $ 55,788 $ 117,859 $ 106,848
Cost of sales 35,294 32,387 68,036 62,943
Gross profit 25,756 23,401 49,823 43,905
Selling, engineering and administrative expenses 7,379 6,640 14,720 13,212
Operating income 18,377 16,761 35,103 30,693
Interest (income) expense, net (284) (242) (596) (438)
Foreign currency transaction (gain) loss, net (37) (29) (30) (149)
Miscellaneous (income) expense, net 274 (484) 358 (390)
Income before income taxes 18,424 17,516 35,371 31,670
Income tax provision 6,238 5,726 11,800 10,305
Net income $ 12,186 $ 11,790 $ 23,571 $ 21,365
Basic net income per common share (in dollars per share) $ 0.46 $ 0.45 $ 0.89 $ 0.82
Weighted average basic shares outstanding 26,444 26,236 26,409 26,185
Diluted net income per common share (in dollars per share) $ 0.46 $ 0.45 $ 0.89 $ 0.82
Weighted average diluted shares outstanding 26,444 26,236 26,409 26,185
Dividends declared per share (in dollars per share) $ 0.09 $ 0.09 $ 0.27 $ 0.270