XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 167,456 $ 153,792 $ 498,946 $ 375,026
Cost of products sold 119,322 113,229 353,631 280,727
Gross profit 48,134 40,563 145,315 94,299
Selling, general and administrative expenses 23,233 22,076 70,664 62,125
Amortization expense 3,026 3,176 9,398 4,498
Operating income 21,875 15,311 65,253 27,676
Interest expense (10,475) (7,556) (31,147) (9,878)
Other income (expense), net (416) (5,323) (1,385) (7,079)
Income (loss) before income taxes 10,984 2,432 32,721 10,719
Provision (benefit) from income taxes 2,006 211 6,746 1,951
Net income (loss) $ 8,978 $ 2,221 $ 25,975 $ 8,768
Earnings (loss) per share (in dollars per share) $ 0.34 $ 0.09 $ 0.99 $ 0.34
Cash dividends per share (in dollars per share) $ 0.175 $ 0.170 $ 0.525 $ 0.510
Average number of shares outstanding (in shares) 26,193,656 26,094,865 26,167,494 26,088,329