XML 17 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net sales:    
Total net sales $ 261,934 $ 238,087
Cost of sales 198,626 177,830
Gross profit 63,308 60,257
Selling, general and administrative expenses 40,702 38,896
Income from operations 22,606 21,361
Interest expense (1,450) (1,337)
Interest income 173 100
Other expense, net (389) (134)
Income before income taxes 20,940 19,990
Provision for income taxes 5,687 5,407
Net Income $ 15,253 $ 14,583
Earnings Per Share [Abstract]    
Basic (in dollars per share) $ 1.30 $ 1.26
Diluted (in dollars per share) $ 1.30 $ 1.24
Average common shares:    
Basic (in shares) 11,698 11,606
Diluted (in shares) 11,777 11,739
Dividends declared (in dollars per share) $ 0.12 $ 0.11
Industrial    
Net sales:    
Total net sales $ 158,425 $ 132,167
Income from operations 16,472 11,800
Agricultural    
Net sales:    
Total net sales 53,173 58,647
Income from operations 2,172 5,253
European    
Net sales:    
Total net sales 50,336 47,273
Income from operations $ 3,962 $ 4,308