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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 111,827 $ 97,872 $ 208,431 $ 190,475
Cost of products sold 81,962 70,627 152,360 140,978
Gross profit 29,865 27,245 56,071 49,497
Selling, general and administrative expenses 14,872 14,084 29,228 27,678
Operating income 14,993 13,161 26,843 21,819
Other income (expense), net (2,407) (1,354) (1,601) (2,692)
Income before income taxes 12,586 11,807 25,242 19,127
Income taxes 2,413 3,959 5,452 6,214
Net income $ 10,173 $ 7,848 $ 19,790 $ 12,913
Earnings per share (in dollars per share) $ 0.39 $ 0.30 $ 0.76 $ 0.49
Cash dividends per share (in dollars per share) $ 0.125 $ 0.115 $ 0.25 $ 0.23
Average number of shares outstanding (in shares) 26,107,670 26,096,881 26,107,149 26,095,013