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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 170,124 $ 163,198 $ 399,099 $ 401,790
Cost of sales 111,802 106,246 257,232 256,419
Gross margin 58,322 56,952 141,867 145,371
Distribution expenses (Note A) 14,531 13,348 40,225 39,378
Selling, general and administrative expenses 33,009 33,842 94,662 99,389
Restructuring expenses     1,701  
Income from operations 10,782 9,762 5,279 6,604
Interest expense (Note E) (1,231) (1,454) (3,546) (4,344)
Financing expense       (154)
Loss on early retirement of debt     (272)  
Income before income taxes and equity in earnings 9,551 8,308 1,461 2,106
Income tax provision (Note I) (2,961) (2,745) (218) (665)
Equity in losses, net of taxes (Note C) (138) (459) (270) (169)
NET INCOME $ 6,452 $ 5,104 $ 973 $ 1,272
BASIC INCOME PER COMMON SHARE (NOTE H) $ 0.45 $ 0.37 $ 0.07 $ 0.09
DILUTED INCOME PER COMMON SHARE (NOTE H) 0.44 0.36 0.07 0.09
Cash dividends declared per common share $ 0.0425 $ 0.0425 $ 0.1275 $ 0.1175