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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 97,872 $ 96,265 $ 190,475 $ 196,522
Cost of products sold 71,727 73,025 143,135 150,385
Gross profit 26,145 23,240 47,340 46,137
Selling, general and administrative expenses 14,651 13,702 28,865 27,371
Operating income 11,494 9,538 18,475 18,766
Other income, net 313 94 652 125
Income before income taxes 11,807 9,632 19,127 18,891
Income taxes 3,959 3,012 6,214 5,989
Net income $ 7,848 $ 6,620 $ 12,913 $ 12,902
Earnings per share (in dollars per share) $ 0.30 $ 0.25 $ 0.49 $ 0.49
Cash dividends per share (in dollars per share) $ 0.115 $ 0.105 $ 0.23 $ 0.21
Average number of shares outstanding (in shares) 26,096,881 26,083,623 26,095,013 26,083,623