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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Sales $ 82,174 $ 92,071 $ 159,365 $ 176,935
Less: excise taxes 1,782 6,717 2,138 11,168
Net sales 80,392 85,354 157,227 165,767
Cost of sales [1] 64,861 67,826 124,650 134,851
Gross profit 15,531 17,528 32,577 30,916
Selling, general and administrative expenses 6,404 8,025 12,725 14,505
Operating income 9,127 9,503 19,852 16,411
Equity method investment earnings 1,079 3,096 1,596 4,448
Interest expense, net (328) (129) (639) (260)
Income before income taxes 9,878 12,470 20,809 20,599
Income tax expense 3,570 4,599 7,442 7,658
Net income 6,308 7,871 13,367 12,941
Other comprehensive income (loss), net of tax (21) 330 (38) 258
Comprehensive income $ 6,287 $ 8,201 $ 13,329 $ 13,199
Basic and diluted earnings per share (in usd per share) $ 0.37 $ 0.44 $ 0.77 $ 0.72
Dividends and dividend equivalents per common share (in usd per share) $ 0 $ 0 $ 0.08 $ 0.06
[1] Includes related party purchases of $6,698 and $12,187 for the quarters ended June 30, 2016 and 2015, respectively. Includes related party purchases of $12,939 and $23,364 for the year to date periods ended June 30, 2016 and 2015, respectively.