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Interim Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales:        
Net sales $ 167,009 $ 160,824 $ 322,920 $ 301,539
Cost of sales 127,848 123,433 248,521 232,247
Gross profit 39,161 37,391 74,399 69,292
Selling, general and administrative expense 24,836 23,685 49,081 46,245
Income from operations 14,325 13,706 25,318 23,047
Interest expense (525) (444) (968) (1,209)
Interest income 58 52 113 124
Other income (expense), net 152 (75) (422) (222)
Income before income taxes 14,010 13,239 24,041 21,740
Provision for income taxes 4,666 4,325 7,912 7,159
Net Income 9,344 8,914 16,129 14,581
Net income per common share:        
Basic (in dollars per share) $ 0.79 $ 0.75 $ 1.36 $ 1.23
Diluted (in dollars per share) $ 0.77 $ 0.74 $ 1.34 $ 1.22
Average common shares:        
Basic (in shares) 11,884 11,845 11,879 11,839
Diluted (in shares) 12,058 11,966 12,042 11,973
Dividends declared $ 0.06 $ 0.06 $ 0.12 $ 0.12
North American Industrial
       
Net sales:        
Net sales 70,137 59,321 134,869 108,354
Income from operations 6,249 4,675 11,088 8,102
North American Agricultural
       
Net sales:        
Net sales 53,081 55,470 101,352 105,209
Income from operations 5,457 5,831 8,760 8,771
European
       
Net sales:        
Net sales 43,791 46,033 86,699 87,976
Income from operations $ 2,619 $ 3,200 $ 5,470 $ 6,174