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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 27, 2014 | Sep. 28, 2013 | Sep. 27, 2014 | Sep. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS |  |  |  |  |  |  |  |
Net product sales | $ 191,093 |  | $ 191,807 |  | $ 401,966 |  | $ 404,074 |
Rental and royalty revenue | 921 |  | 902 |  | 2,760 |  | 2,807 |
Total revenue | 192,014 |  | 192,709 |  | 404,726 |  | 406,881 |
Product cost of goods sold | 123,164 |  | 125,833 |  | 256,211 |  | 264,974 |
Rental and royalty cost | 251 |  | 223 |  | 732 |  | 698 |
Total costs | 123,415 |  | 126,056 |  | 256,943 |  | 265,672 |
Product gross margin | 67,929 |  | 65,974 |  | 145,755 |  | 139,100 |
Rental and royalty gross margin | 670 |  | 679 |  | 2,028 |  | 2,109 |
Total gross margin | 68,599 |  | 66,653 |  | 147,783 |  | 141,209 |
Selling, marketing and administrative expenses | 31,840 |  | 33,166 |  | 85,767 |  | 87,620 |
Earnings from operations | 36,759 |  | 33,487 |  | 62,016 |  | 53,589 |
Other income, net | 166 |  | 3,105 |  | 4,865 |  | 7,401 |
Earnings before income taxes | 36,925 |  | 36,592 |  | 66,881 |  | 60,990 |
Provision for income taxes | 10,316 |  | 10,549 |  | 21,958 |  | 17,509 |
Net earnings | 26,609 |  | 26,043 |  | 44,923 |  | 43,481 |
Less: Net loss attributable to noncontrolling interests | 59 |  |  |  | 352 |  |  |
Net earnings attributable to Tootsie Roll Industries, Inc. | 26,668 |  | 26,043 |  | 45,275 |  | 43,481 |
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) | $ 0.44 |  | $ 0.42 |  | $ 0.75 |  | $ 0.71 |
Dividends per share (in dollars per share) | $ 0.08 | [1] | $ 0.08 | [1] | $ 0.24 | [1] | $ 0.24 | [1]
Average number of shares outstanding (in shares) | 60,525 |  | 61,343 |  | 60,668 |  | 61,487 |
Retained earnings at beginning of period | 29,870 |  | 39,199 |  | 73,109 |  | 80,210 |
Net earnings attributable to Tootsie Roll Industries, Inc. | 26,668 |  | 26,043 |  | 45,275 |  | 43,481 |
Cash dividends | (4,829) |  | (4,764) |  | (14,394) |  | (14,185) |
Stock dividends |  |  |  |  | (52,281) |  | (49,028) |
Retained earnings at end of period | $ 51,709 |  | $ 60,478 |  | $ 51,709 |  | $ 60,478 |
[1] | Does not include 3% stock dividend to shareholders of record on 4/4/14 and 4/5/13.

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