|
Condensed Consolidated Statements of Earnings (Unaudited) (USD $)
|
3 Months Ended | |
|---|---|---|
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
| Condensed Consolidated Statements of Earnings [Abstract] | ||
| Net sales | $ 39,434,770 | $ 38,935,456 |
| Costs and expenses | ||
| Costs of goods sold | 34,787,012 | 34,778,631 |
| General, selling and administrative costs | 1,559,836 | 1,419,819 |
| Total costs and expenses | 36,346,848 | 36,198,450 |
| Interest and other income | (12,208) | (17,872) |
| Earnings before income taxes | 3,100,130 | 2,754,878 |
| Income tax provision (benefit): | ||
| Current | 1,035,928 | 946,142 |
| Deferred | (27,652) | (22,675) |
| Total Income tax provision (benefit) | 1,008,276 | 923,467 |
| Net earnings | $ 2,091,854 | $ 1,831,411 |
| Average number of common shares outstanding: | ||
| Basic | 6,799,444 | 6,799,444 |
| Diluted | 6,799,444 | 6,799,444 |
| Net earnings per share: | ||
| Basic | $ 0.31 | $ 0.27 |
| Diluted | $ 0.31 | $ 0.27 |
| Cash dividends declared per common share | $ 0.13 | $ 0.13 |