XML 32 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME      
Net sales $ 571,710 $ 524,067 $ 474,927
Cost of sales 402,893 369,177 331,841
Gross profit 168,817 154,890 143,086
Selling, general, and administrative expense 71,288 69,958 60,877
Intangibles amortization 10,956 11,472 11,401
Income from operations 86,573 73,460 70,808
Interest expense, net (16,782) (16,943) (18,336)
Litigation proceeds 200   1,275
Pension termination (6,609)    
Other expense, net (765) (758) (832)
Income before taxes 62,617 55,759 52,915
Income tax expense (benefit) 13,451 11,854 (2,409)
Net income $ 49,166 $ 43,905 $ 55,324
Earnings per share:      
Basic earnings per common share attributable to common shareholders (in dollars per share) $ 2.13 $ 1.91 $ 2.42
Earnings per common share assuming dilution attributable to common shareholders (in dollars per share) 2.11 1.89 2.40
Cash dividends declared per share (in dollars per share) 1.09 1.06 0.96
Cash dividends declared per share (in dollars per share) $ 1.09 $ 1.06 $ 0.96