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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 382,071 $ 406,150 $ 434,925
Cost of products sold 290,046 313,570 327,366
Gross profit 92,025 92,580 107,559
Selling, general and administrative expenses 54,528 56,189 54,254
Impairment of goodwill 1,800 0 0
Operating income 35,697 36,391 53,305
Other income 859 1,157 940
Other expense (74) (282) (511)
Income before income taxes 36,482 37,266 53,734
Income taxes 11,599 12,157 17,593
Net income $ 24,883 $ 25,109 $ 36,141
Earnings per share (in dollars per share) $ 0.95 $ 0.96 $ 1.38
Average number of shares outstanding (in shares) 26,087,721 26,192,072 26,256,824