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CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
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Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
CONSOLIDATED STATEMENTS OF Earnings and Retained Earnings |  |  |
Net product sales | $ 517,373 | $ 536,692 | $ 539,895
Rental and royalty revenue | 3,727 | 3,420 | 3,630
Total revenue | 521,100 | 540,112 | 543,525
Product cost of goods sold | 320,290 | 340,090 | 340,933
Rental and royalty cost | 1,019 | 889 | 947
Total costs | 321,309 | 340,979 | 341,880
Product gross margin | 197,083 | 196,602 | 198,962
Rental and royalty gross margin | 2,708 | 2,531 | 2,683
Total gross margin | 199,791 | 199,133 | 201,645
Selling, marketing and administrative expenses | 107,377 | 108,051 | 117,722
Earnings from operations | 92,414 | 91,082 | 83,923
Other income, net | 5,498 | 1,496 | 7,371
Earnings before income taxes | 97,912 | 92,578 | 91,294
Provision for income taxes | 30,593 | 26,451 | 28,434
Net earnings | 67,319 | 66,127 | 62,860
Less: Net earnings (loss) attributable to noncontrolling interests | (191) | 38 | (438)
Net earnings attributable to Tootsie Roll Industries, Inc. | $ 67,510 | $ 66,089 | $ 63,298
Net earnings attributable to Tootsie Roll Industries, Inc. per share (in dollars per share) | $ 1.08 | $ 1.04 | $ 0.99
Average number of shares outstanding (in shares) | 62,239 | 63,256 | 64,173
Retained earnings at beginning of period | $ 52,349 | $ 64,927 | $ 73,109
Net earnings attributable to Tootsie Roll Industries, Inc. | 67,510 | 66,089 | 63,298
Cash dividends | (22,209) | (21,308) | (19,199)
Stock dividends | (53,817) | (57,359) | (52,281)
Retained earnings at end of period | $ 43,833 | $ 52,349 | $ 64,927

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