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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 165,957 $ 170,124 $ 396,706 $ 399,099
Cost of sales 108,769 111,802 252,780 257,232
Gross margin 57,188 58,322 143,926 141,867
Distribution expenses 13,495 14,531 39,510 40,225
Selling, general and administrative expenses 34,088 33,009 99,572 94,662
Restructuring expenses 272   526 1,701
Income from operations 9,333 10,782 4,318 5,279
Interest expense (Note E) (1,172) (1,231) (3,114) (3,546)
Loss on early retirement of debt     (110) (272)
Income (loss) before income taxes and equity in earnings 8,161 9,551 1,094 1,461
Income tax (provision) benefit (Note I) (3,505) (2,961) (863) (218)
Equity in earnings (losses), net of taxes (Note C) (326) (138) 672 (270)
NET INCOME $ 4,330 $ 6,452 $ 903 $ 973
BASIC INCOME PER COMMON SHARE (NOTE H) $ 0.30 $ 0.45 $ 0.06 $ 0.07
DILUTED INCOME PER COMMON SHARE (NOTE H) 0.29 0.44 0.06 0.07
Cash dividends declared per common share $ 0.0425 $ 0.0425 $ 0.1275 $ 0.1275