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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 348,967 $ 398,179 $ 414,334
Cost of products sold 259,412 295,504 304,413
Gross profit 89,555 102,675 109,921
Selling, general and administrative expenses 53,802 58,835 59,282
Operating income 35,753 43,840 50,639
Other (expense) income, net (4,507) 1,326 (323)
Income before income taxes 31,246 45,166 50,316
Income taxes 6,058 9,351 10,337
Net income $ 25,188 $ 35,815 $ 39,979
Earnings per share (in dollars per share) $ 0.97 $ 1.37 $ 1.53
Average number of shares outstanding (in shares) 26,092,576 26,127,168 26,112,138