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v3.3.1.900

Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Net sales | $ 587,670 | $ 586,010 | $ 502,721
Cost of sales | 373,284 | 373,129 | 315,459
Gross margin | 214,386 | 212,881 | 187,262
Distribution expenses | 54,815 | 54,202 | 44,364
Selling, general and administrative expenses | 134,903 | 133,786 | 114,345
Intangible asset impairment (Note D) |  | 3,384 |
Restructuring expenses | 437 | 125 | 367
Income from operations | 24,231 | 21,384 | 28,186
Interest expense (Note E) | (5,746) | (6,418) | (4,847)
Financing expense | (154) | (758) |
Loss on early retirement of debt (Note E) |  | (346) | (102)
Income before income taxes and equity in earnings | 18,331 | 13,862 | 23,237
Income tax provision (Note I) | (6,627) | (5,825) | (9,175)
Equity in earnings (losses), net of taxes (Note C) | 574 | (6,493) | (4,781)
NET INCOME | $ 12,278 | $ 1,544 | $ 9,281
BASIC INCOME PER COMMON SHARE (NOTE H) | $ 0.89 | $ 0.11 | $ 0.73
DILUTED INCOME PER COMMON SHARE (NOTE H) | $ 0.86 | $ 0.11 | $ 0.71

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