Cobra 2012 Annual Report Download - page 10

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8 Cobra Electronics Corporation
Years Ended December 31
(In thousands, except per share amounts) 2012 2011 2010
Net sales $118,906 $123,259 $110,520
Cost of sales 84,378 87,162 80,911
Gross profit 34,528 36,097 29,609
Selling, general and administrative expense 31,236 31,351 28,047
Earnings from operations 3,292 4,746 1,562
Interest expense (1,036 ) (1,103 ) (1,564 )
Other income (expense) 1,022 (387 ) 954
Earnings before income taxes 3,278 3,256 952
Tax provision (benefit) 108 169 (380 )
Net earnings $ 3,170 $ 3,087 $ 1,332
Net earnings per common share:
Basic $ 0.48 $ 0.47 $ 0.21
Diluted $ 0.48 $ 0.47 $ 0.21
Weighted average shares outstanding:
Basic 6,599 6,526 6,471
Diluted 6,613 6,526 6,471
Dividends declared and paid per common share $ — $ — $ —
CONSOLIDATED STATEMENTS OF OPERATIONS