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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 153,792 $ 102,110 $ 375,026 $ 284,152
Cost of products sold 113,229 76,277 280,727 210,604
Gross profit 40,563 25,833 94,299 73,548
Selling, general and administrative expenses 22,076 14,173 62,125 42,064
Amortization expense 3,176 118 4,498 356
Operating income 15,311 11,542 27,676 31,128
Interest expense (7,556) 0 (9,878) 0
Other income (expense), net (5,323) (486) (7,079) (1,846)
Income before income taxes 2,432 11,056 10,719 29,282
Provision (benefit from income taxes 211 2,274 1,951 5,974
Net income (loss) $ 2,221 $ 8,782 $ 8,768 $ 23,308
Earnings (loss) per share (in dollars per share) $ 0.09 $ 0.34 $ 0.34 $ 0.89
Cash dividends per share (in dollars per share) $ 0.170 $ 0.155 $ 0.510 $ 0.465
Average number of shares outstanding (in shares) 26,094,865 26,126,640 26,088,329 26,117,262