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Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales:        
Net Sales $ 257,125 $ 213,276 $ 495,212 $ 428,665
Cost of sales 190,671 158,597 368,501 319,822
Gross profit 66,454 54,679 126,711 108,843
Selling, general and administrative expenses 39,668 34,372 78,564 68,285
Income from operations 26,786 20,307 48,147 40,558
Interest expense (1,497) (1,500) (2,834) (2,827)
Interest income 109 81 209 157
Other income (expense) (92) (815) (226) (1,173)
Income before income taxes 25,306 18,073 45,296 36,715
Provision for income taxes 6,535 5,757 11,942 12,232
Net Income $ 18,771 $ 12,316 $ 33,354 $ 24,483
Net income per common share:        
Basic (in dollars per share) $ 1.61 $ 1.07 $ 2.87 $ 2.13
Diluted (in dollars per share) $ 1.60 $ 1.05 $ 2.84 $ 2.10
Average common shares:        
Basic (in shares) 11,652 11,547 11,629 11,509
Diluted (in shares) 11,759 11,671 11,749 11,646
Dividends declared (in dollars per share) $ 0.11 $ 0.10 $ 0.22 $ 0.20
Industrial        
Net sales:        
Net Sales $ 150,031 $ 117,342 $ 282,198 $ 243,158
Income from operations 16,165 11,052 27,965 23,622
Agricultural        
Net sales:        
Net Sales 59,071 54,221 117,718 105,998
Income from operations 6,186 5,858 11,439 10,717
European        
Net sales:        
Net Sales 48,023 41,713 95,296 79,509
Income from operations $ 4,435 $ 3,397 $ 8,743 $ 6,219