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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CONSOLIDATED STATEMENTS OF INCOME      
Net sales $ 416,268 $ 400,408 $ 303,511
Cost of sales 282,294 267,545 187,185
Gross profit 133,974 132,863 116,326
Selling, general, and administrative expense 54,260 48,150 38,306
Intangibles amortization 10,596 7,362 5,803
Income from operations 69,118 77,351 72,217
Interest expense, net (15,195) (10,895) (8,129)
Loss on extinguishment of debt     (1,870)
Litigation proceeds 10,050    
Other expense, net (277) (193) (221)
Income before taxes 63,696 66,263 61,997
Income tax expense 24,687 22,087 22,036
Net income 39,009 44,176 39,961
Less net income attributable to participating securities 540 604 609
Net income attributable to common shareholders $ 38,469 $ 43,572 $ 39,352
Weighted average number of common shares outstanding:      
Basic (in shares) 22,480,679 22,329,044 22,168,500
Diluted (in shares) 22,480,679 22,341,775 22,188,846
Earnings per common share:      
Basic (in dollars per share) $ 1.71 $ 1.95 $ 1.78
Diluted (in dollars per share) 1.70 1.94 1.77
Cash dividends declared per share (in dollars per share) 0.94 0.89 0.87
Cash dividends paid per share (in dollars per share) $ 0.94 $ 0.89 $ 0.87