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Interim Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales:        
Net sales $ 160,824 $ 138,069 $ 301,539 $ 269,222
Cost of sales 123,433 109,388 232,247 212,406
Gross profit 37,391 28,681 69,292 56,816
Selling, general and administrative expense 23,685 21,355 46,245 43,023
Income from operations 13,706 7,326 23,047 13,793
Interest expense (444) (1,024) (1,209) (2,274)
Interest income 52 305 124 1,117
Other income (expense), net (75) (25) (222) (35)
Income before income taxes 13,239 6,582 21,740 12,601
Provision for income taxes 4,325 1,712 7,159 3,738
Net Income 8,914 4,870 14,581 8,863
Net income per common share:        
Basic $ 0.75 $ 0.41 $ 1.23 $ 0.75
Diluted $ 0.74 $ 0.41 $ 1.22 $ 0.75
Average common shares:        
Basic 11,845 11,756 11,839 11,752
Diluted 11,966 11,882 11,973 11,858
Dividends declared $ 0.06 $ 0.06 $ 0.12 $ 0.12
North American Industrial
       
Net sales:        
Net sales 59,321 49,558 108,354 96,670
North American Agricultural
       
Net sales:        
Net sales 55,470 47,023 105,209 88,723
European
       
Net sales:        
Net sales $ 46,033 $ 41,488 $ 87,976 $ 83,829