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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 65,499 $ 71,557 $ 74,059 $ 95,047
Cost of sales 42,439 45,219 49,180 59,638
Gross profit 23,060 26,338 24,879 35,409
Selling, general, and administrative expense 5,707 6,760 10,337 12,687
Intangibles amortization 1,301 1,300 2,601 2,600
Income from operations 16,052 18,278 11,941 20,122
Interest expense, net (2,178) (2,142) (4,223) (4,347)
Loss on extinguishment of debt   (673)   (673)
Other expense, net (155) (74) (233) (187)
Income before taxes 13,719 15,389 7,485 14,915
Income tax expense 4,747 5,666 2,780 5,992
Net income 8,972 9,723 4,705 8,923
Less net income attributable to participating securities 94 114 32 110
Net income attributable to common shareholders 8,878 9,609 4,673 8,813
Weighted average number of common shares outstanding:        
Basic (in shares) 21,906,622 21,661,662 21,866,662 21,536,441
Diluted (in shares) 21,962,098 21,768,385 21,985,974 21,667,544
Earnings per common share:        
Basic (in dollars per share) $ 0.41 $ 0.44 $ 0.21 $ 0.41
Diluted (in dollars per share) $ 0.40 $ 0.44 $ 0.21 $ 0.41
Cash dividends declared and paid per share (in dollars per share) $ 0.21 $ 0.20 $ 0.41 $ 0.77
Comprehensive income $ 8,971 $ 9,659 $ 4,693 $ 8,859