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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales:      
Net sales $ 1,119,138 $ 1,008,822 $ 912,380
Cost of sales 845,911 752,707 677,687
Gross profit 273,227 256,115 234,693
Selling, general and administrative expenses 172,921 151,522 142,638
Amortization expense 5,658 3,505 3,317
Income from operations 94,648 101,088 88,738
Interest expense (10,747) (5,493) (4,839)
Interest income 1,229 410 336
Other income (795) (1,474) (1,868)
Income before income taxes 84,335 94,531 82,367
Provision for income taxes 21,429 21,045 38,052
Net income $ 62,906 $ 73,486 $ 44,315
Net income per common share:      
Basic (in dollars per share) $ 5.36 $ 6.30 $ 3.84
Diluted (in dollars per share) $ 5.33 $ 6.25 $ 3.79
Average common shares:      
Basic (in shares) 11,729 11,660 11,549
Diluted (in shares) 11,800 11,761 11,682
Industrial      
Net sales:      
Net sales $ 768,454 $ 638,198 $ 563,599
Income from operations 65,262 65,077 55,752
Agricultural      
Net sales:      
Net sales 350,684 370,624 348,781
Income from operations $ 29,386 $ 36,011 $ 32,986