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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 103,892 $ 109,728 $ 203,125 $ 219,792
Cost of products sold 79,751 82,824 155,069 165,334
Gross profit 24,141 26,904 48,056 54,458
Selling, general and administrative expenses 14,258 13,483 27,570 26,344
Operating income 9,883 13,421 20,486 28,114
Other income 122 184 453 357
Other expense (140) (377) (161) (411)
Income before income taxes 9,865 13,228 20,778 28,060
Income taxes 3,236 4,368 6,874 9,246
Net income $ 6,629 $ 8,860 $ 13,904 $ 18,814
Earnings per share (in dollars per share) $ 0.25 $ 0.34 $ 0.53 $ 0.72
Cash dividends per share (in dollars per share) $ 0.10 $ 0.09 $ 0.20 $ 0.18
Average number of shares outstanding (in shares) 26,260,543 26,253,043 26,260,543 26,253,043