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v3.3.0.814

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Net sales | $ 163,198 | $ 162,244 | $ 401,790 | $ 395,976
Cost of sales | 106,246 | 104,321 | 256,419 | 252,869
Gross margin | 56,952 | 57,923 | 145,371 | 143,107
Distribution expenses | 13,348 | 13,262 | 39,378 | 38,068
Selling, general and administrative expenses | 33,842 | 32,849 | 99,389 | 98,456
Intangible asset impairment (Note D) |  | 3,384 |  | 3,384
Restructuring expenses |  |  |  | 125
Income from operations | 9,762 | 8,428 | 6,604 | 3,074
Interest expense (Note E) | (1,454) | (1,698) | (4,344) | (4,760)
Financing expense |  |  | (154) |
Loss on early retirement of debt |  |  |  | (319)
Income (loss) before income taxes and equity in earnings | 8,308 | 6,730 | 2,106 | (2,005)
Income tax provision (Note I) | (2,745) | (3,123) | (665) | (352)
Equity in losses, net of taxes (Note C) | (459) | (5,193) | (169) | (5,360)
NET INCOME (LOSS) | $ 5,104 | $ (1,586) | $ 1,272 | $ (7,717)
BASIC INCOME (LOSS) PER COMMON SHARE (NOTE H) | $ 0.37 | $ (0.12) | $ 0.09 | $ (0.57)
DILUTED INCOME (LOSS) PER COMMON SHARE (NOTE H) | 0.36 | (0.12) | 0.09 | (0.57)
Cash dividends declared per common share | $ 0.0425 | $ 0.0375 | $ 0.1175 | $ 0.1125

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