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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 93,976 $ 91,346 $ 284,451 $ 287,868
Cost of products sold 67,777 68,676 210,912 219,061
Gross profit 26,199 22,670 73,539 68,807
Selling, general and administrative expenses 14,242 12,819 43,107 40,190
Impairment of goodwill and other intangible assets 4,098 4,098
Operating income 7,859 9,851 26,334 28,617
Other income, net 98 551 750 676
Income before income taxes 7,957 10,402 27,084 29,293
Income taxes 2,255 3,475 8,469 9,464
Net income $ 5,702 $ 6,927 $ 18,615 $ 19,829
Earnings per share (in dollars per share) $ 0.22 $ 0.27 $ 0.71 $ 0.76
Cash dividends per share (in dollars per share) $ 0.115 $ 0.105 $ 0.345 $ 0.315
Average number of shares outstanding (in shares) 26,106,623 26,091,123 26,098,925 26,086,141