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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