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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 119,067 $ 93,015 $ 221,234 $ 182,042
Cost of products sold 90,828 68,342 167,498 134,326
Gross profit 28,239 24,673 53,736 47,716
Selling, general and administrative expenses 24,114 13,884 39,936 27,779
Amortization expense 1,218 175 1,435 350
Operating income 2,907 10,614 12,365 19,587
Interest expense (2,322) 0 (2,322) 0
Other income (expense), net (1,846) (1,705) (1,756) (1,360)
Income (loss) before income taxes (1,261) 8,909 8,287 18,227
Provision (benefit from income taxes (265) 1,812 1,740 3,701
Net income (loss) $ (996) $ 7,097 $ 6,547 $ 14,526
Earnings (loss) per share (in dollars per share) $ (0.04) $ 0.27 $ 0.25 $ 0.56
Cash dividends per share (in dollars per share) $ 0.170 $ 0.155 $ 0.340 $ 0.310
Average number of shares outstanding (in shares) 26,079,115 26,116,140 26,085,006 26,112,495