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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 165,944 $ 189,630
Cost of goods sold 129,401 148,914
Gross profit 36,543 40,716
Operating expenses:    
Selling, general and administrative 19,308 18,235
Research & development expenses 830 996
Total operating expenses 20,138 19,231
Operating income 16,405 21,485
Interest expense, net 1,353 1,799
Foreign exchange loss (57) (39)
Income before income taxes 15,109 19,725
Provision for income taxes 4,186 6,883
Net income 10,923 12,842
Net income attributable to participating common shareholders $ 10,873 $ 12,793
Income per participating share:    
Basic $ 0.56 $ 0.67
Diluted $ 0.55 $ 0.66
Weighted average participating shares outstanding:    
Basic 19,376,258 19,229,501
Diluted 19,694,751 19,430,029
Other comprehensive income (loss), net of tax:    
Change in interest rate swaps, (net of tax of ($56) and $219) $ 92 $ (358)
Change in pension and post-retirement plans, (net of tax of ($10) and $50) (5) (142)
Other comprehensive income (loss), net of tax 87 (500)
Comprehensive income $ 11,010 $ 12,342