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v3.10.0.1

Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Income Statement [Abstract] |  |  |  |
Net sales |  | $ 376,089 | $ 347,448 | $ 318,263
Cost of sales | [1] | 292,490 | 271,432 | 252,980
Gross profit |  | 83,599 | 76,016 | 65,283
Selling, general, and administrative expenses |  | 33,451 | 33,107 | 26,693
Other operating income, net |  | 0 | 0 | (3,385)
Operating income |  | 50,148 | 42,909 | 41,975
Gain on sale of equity method investment (Note 4) |  | 0 | 11,381 | 0
Equity method investment earnings (loss) (Note 4) |  | 0 | (348) | 4,036
Interest expense, net |  | (1,168) | (1,184) | (1,294)
Income before income taxes |  | 48,980 | 52,758 | 44,717
Income tax expense (Note 6) |  | 11,696 | 10,935 | 13,533
Net income |  | 37,284 | 41,823 | 31,184
Income attributable to participating securities |  | 708 | 996 | 954
Net income attributable to common shareholders and used in Earnings Per Share calculation (Note 7) |  | $ 36,576 | $ 40,827 | $ 30,230
Share information |  |  |  |
Basic and diluted weighted average common shares (in shares) |  | 16,866,176 | 16,746,731 | 16,643,811
Basic and diluted EPS (in dollars per share) |  | $ 2.17 | $ 2.44 | $ 1.82
Dividends and dividend equivalents per common share (in dollars per share) |  | $ 0.32 | $ 1.01 | $ 0.12
[1] | Includes related party purchases of $0, and $18,425, $29,596 for the years ended December 31, 2018, 2017, and 2016, respectively.

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