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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 91,671 $ 96,859
Cost of products sold 68,223 73,546
Gross profit 23,448 23,313
Selling, general and administrative expenses 14,871 14,363
Operating income 8,577 8,950
Other income (expense), net (1,687) 292
Income before income taxes 6,890 9,242
Income taxes 1,404 2,020
Net income $ 5,486 $ 7,222
Earnings per share (in dollars per share) $ 0.21 $ 0.28
Cash dividends per share (in dollars per share) $ 0.145 $ 0.135
Average number of shares outstanding (in shares) 26,074,620 26,118,891