XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 91,346,000 $ 104,229,000 $ 287,868,000 $ 307,354,000
Cost of products sold 68,676,000 80,917,000 219,061,000 235,986,000
Gross profit 22,670,000 23,312,000 68,807,000 71,368,000
Selling, general and administrative expenses 12,819,000 14,363 40,190,000 41,933,000
Operating income 9,851,000 8,949,000 28,617,000 29,435,000
Other income 551,000 99,000 704,000 515,000
Other expense (28,000) (124,000)
Income before income taxes 10,402,000 9,048,000 29,293,000 29,826,000
Income taxes 3,475,000 3,155,000 9,464,000 10,029,000
Net income $ 6,927,000 $ 5,893,000 $ 19,829,000 $ 19,797,000
Earnings per share (in dollars per share) $ 0.27 $ 0.22 $ 0.76 $ 0.75
Cash dividends per share (in dollars per share) $ 0.105 $ 0.10 $ 0.315 $ 0.30
Average number of shares outstanding (in shares) 26,091,123 26,165,810 26,086,141 26,228,618