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Description of Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Summary of Business Sales Segmentation | Selective enterprise information is as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
Net sales: |  |  |  |  |  |  |  |  |
U.S. crop |  | $ | 288,624 |  |  | $ | 263,632 |  |  | $ | 211,357 |
U.S. non-crop |  |  | 76,709 |  |  |  | 78,605 |  |  |  | 60,367 |
Total U.S. |  |  | 365,333 |  |  |  | 342,237 |  |  |  | 271,724 |
International |  |  | 244,282 |  |  |  | 215,439 |  |  |  | 186,980 |
Total net sales |  | $ | 609,615 |  |  | $ | 557,676 |  |  | $ | 458,704 |
Gross profit: |  |  |  |  |  |  |  |  |
U.S. crop |  | $ | 132,509 |  |  | $ | 109,568 |  |  | $ | 92,723 |
U.S. non-crop |  |  | 35,257 |  |  |  | 37,443 |  |  |  | 27,842 |
Total U.S. |  |  | 167,766 |  |  |  | 147,011 |  |  |  | 120,565 |
International |  |  | 73,586 |  |  |  | 67,036 |  |  |  | 52,025 |
Total gross profit |  | $ | 241,352 |  |  | $ | 214,047 |  |  | $ | 172,590 |
Summary of Operating Expense | Operating expenses include cost centers for Selling, General and Administrative, Research, Product Development, and Regulatory, and outbound Freight, Delivery and Warehousing.
|  | 2022 |  |  | 2021 |  |  | 2020 |
Selling |  | $ | 52,512 |  |  | $ | 49,409 |  |  | $ | 42,389 |
General and administrative: |  |  |  |  |  |  |  |  |
Other |  |  | 51,671 |  |  |  | 47,971 |  |  |  | 36,084 |
Proxy contest activities |  |  | 1,785 |  |  |  | — |  |  |  | — |
Amortization |  |  | 13,953 |  |  |  | 13,713 |  |  |  | 12,744 |
Research, product development and regulatory |  |  | 31,816 |  |  |  | 28,855 |  |  |  | 26,310 |
Freight, delivery and warehousing |  |  | 48,964 |  |  |  | 43,324 |  |  |  | 36,812 |
Total operating expenses |  | $ | 200,701 |  |  | $ | 183,272 |  |  | $ | 154,339 |
Components of Inventories, Net of Reserve Allowance | The components of inventories, net of reserve allowance, consist of the following:
|  | 2022 |  |  | 2021 |
Finished products |  | $ | 155,128 |  |  | $ | 138,159 |
Raw materials |  |  | 29,062 |  |  |  | 16,147 |
Total inventories, net |  | $ | 184,190 |  |  | $ | 154,306 |
Schedule of Additional Information of Operating Leases | Additional information related to operating leases are as follows:
|  | Year Ended December 31, 2022 |  |  | Year Ended December 31, 2021 |  |  | Year Ended December 31, 2020 |
Cash paid for amounts included in the measurement of lease liabilities |  | $ | 6,450 |  |  | $ | 5,750 |  |  | $ | 5,657 |
ROU assets obtained in exchange for new liabilities |  | $ | 4,468 |  |  | $ | 18,521 |  |  | $ | 6,309 |
Schedule of Weighted-Average Remaining Lease Term and Discount Rate Related to Operating Leases | The weighted-average remaining lease term and discount rate related to the operating leases as of December 31, 2022 and 2021 were as follows:
|  | December 31, 2022 |  |  | December 31, 2021 |
Weighted-average remaining lease term (in years) |  |  | 5.93 |  |  |  | 6.72 |
Weighted-average discount rate |  |  | 4.00 | % |  |  | 4.02 | %
Schedule of Future Minimum Lease Payments Under Non-Cancellable Operating Leases | Future minimum lease payments under non-cancellable operating leases as of December 31, 2022 were as follows:
2023 |  | $ | 6,073 |
2024 |  |  | 5,204 |
2025 |  |  | 4,688 |
2026 |  |  | 3,464 |
2027 |  |  | 2,387 |
Thereafter |  |  | 6,194 |
Total lease payments |  | $ | 28,010 |
Less: imputed interest |  |  | (3,239 | )
Total |  | $ | 24,771 |
Amounts recognized in the consolidated balance sheets: |  |  |
Operating lease liabilities, current |  | $ | 5,279 |
Operating lease liabilities, long term |  | $ | 19,492 |
Summary of Selective Enterprise Information of Sales Disaggregated By Category and Geographic Region | Selective enterprise information of sales disaggregated by category and geographic region is as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
Net sales: |  |  |  |  |  |  |  |  |
U.S. crop |  | $ | 288,624 |  |  | $ | 263,632 |  |  | $ | 211,357 |
U.S. non-crop |  |  | 76,709 |  |  |  | 78,605 |  |  |  | 60,367 |
Total U.S. |  |  | 365,333 |  |  |  | 342,237 |  |  |  | 271,724 |
International |  |  | 244,282 |  |  |  | 215,439 |  |  |  | 186,980 |
Total net sales |  | $ | 609,615 |  |  | $ | 557,676 |  |  | $ | 458,704 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |
Goods and services transferred at a point in time |  | $ | 609,409 |  |  | $ | 557,176 |  |  | $ | 455,726 |
Goods and services transferred over time |  |  | 206 |  |  |  | 500 |  |  |  | 2,978 |
Total net sales |  | $ | 609,615 |  |  | $ | 557,676 |  |  | $ | 458,704 |
Components of Basic and Diluted Earnings Per Share | The components of basic and diluted earnings per share were as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
Numerator: |  |  |  |  |  |  |  |  |
Net income |  | $ | 27,404 |  |  | $ | 18,587 |  |  | $ | 15,242 |
Denominator: |  |  |  |  |  |  |  |  |
Weighted average shares outstanding—basic |  |  | 29,234 |  |  |  | 29,811 |  |  |  | 29,450 |
Dilutive effect of stock options and grants |  |  | 638 |  |  |  | 599 |  |  |  | 543 |
Weighted average shares outstanding—diluted |  |  | 29,872 |  |  |  | 30,410 |  |  |  | 29,993 |

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