XML 19 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
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