XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
Net sales [1] $ 247,939 $ 305,172 $ 502,241 $ 588,938
Cost of sales 183,581 216,267 367,488 422,070
Gross profit 64,358 88,905 134,753 166,868
Selling, general and administrative expenses 48,328 60,536 104,201 120,536
Restructuring and integration expenses 9 644 214 644
Other income (expense), net 0 3 6 (3)
Operating income 16,021 27,728 30,344 45,685
Other non-operating income, net 602 1,411 78 2,057
Interest expense 772 1,722 1,645 2,811
Earnings from continuing operations before taxes 15,851 27,417 28,777 44,931
Provision for income taxes 4,009 6,862 7,314 11,272
Earnings from continuing operations 11,842 20,555 21,463 33,659
Loss from discontinued operations, net of income taxes (875) (1,123) (1,869) (2,011)
Net earnings $ 10,967 $ 19,432 $ 19,594 $ 31,648
Net earnings per common share - Basic:        
Earnings from continuing operations (in dollars per share) $ 0.53 $ 0.92 $ 0.96 $ 1.50
Discontinued operations (in dollars per share) (0.04) (0.05) (0.08) (0.09)
Net earnings per common share - Basic (in dollars per share) 0.49 0.87 0.88 1.41
Net earnings per common share - Diluted:        
Earnings from continuing operations (in dollars per share) 0.52 0.90 0.94 1.47
Discontinued operations (in dollars per share) (0.04) (0.05) (0.08) (0.09)
Net earnings per common share - Diluted (in dollars per share) 0.48 0.85 0.86 1.38
Dividends declared per share (in dollars per share) $ 0 $ 0.23 $ 0.25 $ 0.46
Average number of common shares (in shares) 22,330,476 22,328,292 22,384,281 22,374,785
Average number of common shares and dilutive common shares (in shares) 22,718,680 22,795,677 22,793,606 22,857,435
[1] Segment net sales include intersegment sales in our Engine Management and Temperature Control segments.