XML 69 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]    
Net sales [1] $ 254,302 $ 283,766
Cost of sales 183,907 205,803
Gross profit 70,395 77,963
Selling, general and administrative expenses 55,873 60,000
Restructuring and integration expenses 205 0
Other income (expense), net 6 (6)
Operating income 14,323 17,957
Other non-operating income (expense), net (524) 646
Interest expense 873 1,089
Earnings from continuing operations before taxes 12,926 17,514
Provision for income taxes 3,305 4,410
Earnings from continuing operations 9,621 13,104
Loss from discontinued operations, net of income taxes (994) (888)
Net earnings $ 8,627 $ 12,216
Net earnings per common share - Basic:    
Earnings from continuing operations (in dollars per share) $ 0.43 $ 0.58
Discontinued operations (in dollars per share) (0.05) (0.04)
Net earnings per common share - Basic (in dollars per share) 0.38 0.54
Net earnings per common share - Diluted:    
Earnings from continuing operations (in dollars per share) 0.42 0.57
Discontinued operations (in dollars per share) (0.04) (0.04)
Net earnings per common share - Diluted (in dollars per share) 0.38 0.53
Dividends declared per share (in dollars per share) $ 0.25 $ 0.23
Average number of common shares (in shares) 22,438,087 22,421,795
Average number of common shares and dilutive common shares (in shares) 22,868,975 22,905,364
[1] Segment net sales include intersegment sales in our Engine Management and Temperature Control segments.