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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CONSOLIDATED STATEMENTS OF INCOME    
Net sales $ 48,789 $ 53,890
Cost of sales 34,658 37,453
Gross profit 14,131 16,437
Selling, general, and administrative expense 10,913 11,417
Intangibles amortization 1,726 1,903
Income from operations 1,492 3,117
Interest expense, net (2,872) (2,454)
Litigation proceeds 10,050  
Other expense, net (64) (60)
Income before taxes 8,606 603
Income tax expense 3,328 220
Net income 5,278 383
Less net income attributable to participating securities 70 5
Net income attributable to common shareholders $ 5,208 $ 378
Weighted average number of common shares outstanding:    
Basic (in shares) 22,417,337 22,247,802
Diluted (in shares) 22,417,337 22,269,022
Earnings per common share:    
Basic (in dollars per share) $ 0.23 $ 0.02
Diluted (in dollars per share) 0.23 0.01
Cash dividends declared per share (in dollars per share) 0.24 0.22
Cash dividends paid per share (in dollars per share) $ 0.24 $ 0.22
Comprehensive income $ 4,204 $ (271)