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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales $ 99,298 $ 102,893 $ 304,487 $ 311,324
Cost of products sold 73,506 75,566 227,190 227,926
Gross profit 25,792 27,327 77,297 83,398
Selling, general and administrative expenses 14,154 14,207 43,505 43,435
Operating income 11,638 13,120 33,792 39,963
Other income (expense), net 269 532 792 (1,069)
Income before income taxes 11,907 13,652 34,584 38,894
Income taxes 2,132 2,951 7,107 8,403
Net income $ 9,775 $ 10,701 $ 27,477 $ 30,491
Earnings per share (in dollars per share) $ 0.37 $ 0.41 $ 1.05 $ 1.17
Cash dividends per share (in dollars per share) $ 0.135 $ 0.125 $ 0.405 $ 0.375
Average number of shares outstanding (in shares) 26,133,393 26,117,045 26,125,553 26,110,484